India emerges as fastest-growing major economy under PM Modi: Vice-President

C. P. Radhakrishnan, today released the book “Economic Empowerment of Bharat in the Modi Era”, authored by Prof. (Dr.) Sikander Kumar, Member of Parliament, at the Vice-President’s Enclave.

Addressing the gathering on the occasion, the Vice-President said that the publication is a powerful testament to the vision, leadership and transformative economic policies of the Prime Minister, Shri Narendra Modi.

The Vice-President observed that over the past decade, India has witnessed remarkable economic transformation and renewed national confidence. He said that today Bharat has emerged as the fourth largest economy in the world and is also the fastest-growing major economy.

The Vice-President pointed out that the book highlights major structural reforms such as insolvency laws, digital governance and transparent banking systems. He emphasized that these reforms were not merely policy initiatives but bold steps aimed at eliminating decades-old inefficiencies and corruption. He said that the Prime Minister’s vision of “Minimum Government, Maximum Governance” has evolved into a working model of efficiency and discipline.

The Vice-President said that Prime Minister Narendra Modi places strong emphasis on ensuring that 100 per cent of benefits reach the beneficiaries. He noted that the JAM trinity (Jan Dhan–Aadhaar–Mobile) has enabled direct benefit transfers, reduced leakages, and enhanced transparency and efficiency in governance. So far, he said, over ₹47 lakh crore has been directly transferred into beneficiaries’ bank accounts.

The Vice-President described the Goods and Services Tax (GST) as another significant milestone of this era. He said GST transformed India into a unified national market by simplifying the tax structure, enhancing compliance and strengthening cooperative federalism. He said that the removal of interstate check posts streamlined the movement of goods, saved lakhs of man-hours and fuel. He noted that GST is widely acknowledged as one of the biggest reforms undertaken in independent India.

The Vice-President said India’s economic empowerment has been driven by a strong focus on inclusion. Initiatives such as Digital India, Make in India, Startup India and the rapid expansion of UPI have empowered citizens, entrepreneurs and small businesses.

He added that the Prime Minister’s vision of Aatma Nirbhar Bharat marks a decisive shift from dependence to self-reliance, while positioning India as a reliable partner in global supply chains. This journey, he said, aligns with the broader aspiration of Viksit Bharat, where economic growth is balanced with social justice, environmental sustainability and technological advancement.

Under Prime Minister Narendra Modi, the Vice-President said, India has moved from policy paralysis to purposeful governance, from a poverty mindset to a prosperity mission, and from dependence to self-reliance.The Vice-President called upon citizens to celebrate a new Bharat - confident, capable and compassionate, as it marches towards Viksit Bharat@2047.