Story perspectives

Cabinet Resolution Lauds Modi’s 25 Years, Cites Reforms

By Drooid · Oct 7, 2026, 4:03 AM UTC · How we work

Summary

Story summary

Union Cabinet adopted a resolution on Tuesday, October 6 2026, congratulating Prime Minister Narendra Modi on 25 years as head of government.
The resolution listed reforms such as GST, welfare delivery, and capital-expenditure growth.
Public capital expenditure rose from roughly INR2 lakh crore to over INR12 lakh crore.
PM-KISAN transfers exceeded INR4 lakh crore.
The document highlighted the launch of the UPI digital payments system.

History

Historical Context

In 1991, Prime Minister Narasimha Rao and Finance Minister Manmohan Singh launched India’s sweeping liberalization, dismantling license-raj and opening markets. The reforms attracted $30 billion of foreign direct investment, boosted GDP growth to an average 6 percent annually, and prompted the World Bank to upgrade India’s credit rating. Those structural changes laid the groundwork for today’s expansive capital spending, INR12 lakh crore projects, and the UPI payments network endorsed by the Reserve Bank of India and championed by Prime Minister Narendra Modi. Consequently, the 2026 cabinet resolution celebrates a quarter-century of accelerated growth, echoing 1991’s market opening as the catalyst for modern fiscal ambition.

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Story summary

Union Cabinet adopted a resolution on Tuesday, October 6 2026, congratulating Prime Minister Narendra Modi on 25 years as head of government.
The resolution listed reforms such as GST, welfare delivery, and capital-expenditure growth.
Public capital expenditure rose from roughly INR2 lakh crore to over INR12 lakh crore.
PM-KISAN transfers exceeded INR4 lakh crore.
The document highlighted the launch of the UPI digital payments system.

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