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In 7 charts: How India has transformed during Modi decade

Lok Sabha elections 2024: Here's how India has fared under key economic indicators during the last 10 years of Modi government

March 20, 2024 / 02:31 pm IST
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File photo of Prime Minister Narendra Modi

Prime Minister Narendra Modi and his ministers say that India is now in its "amrit kaal" (golden age) and on course to becoming a developed nation by 2047 - the 100th year of its independence. They also underscore India's economic transformation from "Fragile 5" under Congress-led UPA to top 5 under BJP-led NDA. But do the numbers concur?

These 7 charts tell India's growth story vis-a-vis key economic indicators since 2014:

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People are buying houses faster than 10 years ago. It’s showing up in home loans

Household spending on creating assets is a function of people’s income. The key determinant of a family’s decision to buy a house is not as much as current income, but more about what it thinks about its future income.