Thread by @TSaukur

PM Modi 2.0 is set to conclude, let us delve into certain initiatives introduced this decade which impacts in the Long run.
Thread focuses on:
🔸️Macroeconomics, Infra, markets
🔸️Ease of doing business.

Can't write beyond 25 but enjoy reading :)
@BesuraTaansane
1/25

The whole world is in recession post Covid, Wars, inflation etc. But India continues to grow at 7% beating the estimates as well. India was always growing since the past but recently the Growth has "Accelerated" at this stage due to the "Demand" for 🇮🇳
2/25

PM Modi's team has consistently increased India's CAPEX which is giving a Push to Private Investments, Manufacturing etc. The Indian Railways has also been allocated a capital outlay of Rs 2.4 lakh crore in the Union Budget 2023-24. This is the highest ever allocation.
3/25

When I interviewed 3 CFOs of Private equity companies & asked why Markets are in a Bull run, their response was a Strong Macro factors, political stability, Increased CAPEX, Transparency initiatives introduced by SEBI.

PM Modi has pushed forward road construction. 4/25

In the last 9 years, we've built an additional 74 airports, heliports, and waterdromes, doubling it to 148 & we will take this number to over 200 in the next 4 years.

In 2016 the UDAN scheme was launched to enhance regional connectivity

How North East India benefits 👇🏻
5/25

The Govt built 7 airports in the region since 2014 against the 9 airports built between 1947 to 2014. Aircraft movement in the region also witnessed an increase of 113 percent since 2014, from 852 per week in 2014 to 1,817 per week in 2022.
NE 🇮🇳 saw 118.45 lakh tourists
6/25

1.04 lakh foreign tourists visited in 2022 thanks to Improved connectivity. Manipur gets freight connectivity for the 1st time in 75 Yrs & these are the other Infra projects introduced by Mr Nitin Gadkari's team. 2014 to 22, 1,350 projects worth Rs.15,867 cr approved
7/25

Moving forward the Govt introduced NATIONAL MONETISATION PIPELINE, It's meant to serve as an essential roadmap for the Asset monetisation of infra sectors. The achievements of NMP are given below in the picture

Let's talk about
🔸️Ease of doing business: India ranked 63 in 2020 compared to previous rank of 142 in 2014. The index considers starting a business, construction permits, trading across borders, credit etc
9/25

Initiatives include to start a Business PAN & TAN, DIN have now been merged to a single form SPIC e for company registration, No incorporation fees for companies with Authorized capital of ₹15 Lakhs.
Shram Suvidha Portal as a common online portal with no physical touch
10/25

fast track approval system for issuing building permits with features such as Common Application Form (CAF), provision of using digital signature and online scrutiny of building plans, E-Sanchit for electronic filing of documents for clearances by Exporters & Importers

11/25

Documents for customs purposes reduced. Initiatives such as BharatMala, SagarMala, Port Upgradation, National Logistics policy- to bring down Logistics cost & single platform for transportation services, Advanced Bill of entry have improved the rank
12/25

Reduction of corporate tax from 30% to 25% for mid-sized companies.
Domestic companies can opt for concessional tax regime @ 22%

The tax rate for new domestic manufacturing companies is now 15%

Robust IT infrastructure of online return filing for Indian taxpayers.

13/25

PM Gati Shakti- Govt creates a Digital platform which combines 16 ministries & will be helpful for investors to track, get approvals on a Single platform. This can play a key role to shift the Global Supply chain to India & we are witnessing the rise in the share

14/25

Reforms such as GST, IBC have helped the economic growth with GST collections touching 1.72 Lakh crores & an avg of 1.6 Lakh crores.

IBC playing a role to resolve claims involving insolvent companies. The bankruptcy code is a one stop solution for resolving insolvencies. 15/25

🔸️Make In India- transforming the country into Global manufacturing & investment destination. The Govt has liberalized FDI norms, reduced 40K compliances.

The Number of Startups in India are also booming with the Govt Support which also lead to rise of FDI in India

16/25

🔸️PLI scheme is also playing a role to scale up domestic manufacturing. For eg- The scheme has attracted investments worth 90K crores, companies from South Korea, USA, Japan, Italy, France, Italy, UK, Netherlands have applied for PLI scheme

17/25

Let's talk about why Public sector stocks such as Defence stocks like HAL are ↗️ At one time there were Dharnas to Save HAL but same HAL's share price today is above Rs 3000.
It's due to
-Strong revenue growth
-Growth in Indian Defence CAPEX
-Demand for Manufacturing
18/25

-Growth in Ordering Manufacturing book
-Technological capabilities, collaborate with Foreign nations, Transfer of technology
-Opportunities for exports. 🇮🇳 exported defence worth 18K crores
And Steady gains
19/25

Let's come back to the Banking sector. We discussed about IBC, now mega public sector banks merger, Due to growth in Infra, agreeing to compliances, credit Growths, Less NPAs, higher margins, Investments pick up. All have led to the success.
20/25

🔸️JAM Trinity- is a tool used by the government to transfer cash benefits directly to the bank account of the intended beneficiary.
The Milestones:
-Guinness World Record for most bank accounts opened in a week 1,80,96,130.
-19.72 accounts opened
-28K Cr cash deposits

21/25

🔸️Demonetisation: it negatively impacted Equity markets, but Bond markets performed better than equity as per analysis with P- value less than 0.05 but in the Long run yet markets boomed. People say Demonetisation was bad despite it Modi won a Thumping majority of 303.
22/25

Other achievements:2015-16, Income tax collection was Rs 7,41,945 crore, In 2022-23 it reached to Rs 16,61,000 cr. Just double
-4.63 crore people filed tax return in 2015-16 and in 2022-23 around 6.98 crore people filed Income tax return
- Tax/ GDP ratio improved to 5.97%

23/25

- Share of payment by cash reduced from 88% in FY16 to 20% in FY22
- cheque transaction declined from 46% in FY16 to 12.7% in FY22 due to RTGS n other online payments
- Rs 84 lakh crore UPI transections in FY22. During Apr-June, FY23
- UPI transactions increased 785% in 3 years

- Rise of Fintech industry in 🇮🇳
- More than 9,933 fintech startups in India, market size of $56 billion in 2022, and to reach $150 billion by 2025
-fintech adoption rate of 87% against the global average of 64% in India
- IMP praised India for this
Source: @Starboy2079
25/25