Vice-President Releases Book on Economic Empowerment in Modi Era

The Vice-President of India, C. P. Radhakrishnan, released the book “Economic Empowerment of Bharat in the Modi Era” at the Vice-President’s Enclave on Tuesday. Authored by Sikander Kumar, the publication examines India’s economic transformation over the past decade under the leadership of Prime Minister Narendra Modi.

Economic Transformation and Global Standing

Addressing the gathering, the Vice-President described the book as a strong testament to visionary leadership and transformative economic policies. He observed that India has witnessed renewed national confidence and significant structural change in the last ten years. Bharat, he said, has emerged as the world’s fourth-largest economy and remains the fastest-growing major economy globally, reflecting sustained macroeconomic stability and reform-driven growth.

Structural Reforms and Governance Shift

The Vice-President highlighted that the book details major reforms such as insolvency laws, digital governance frameworks and transparent banking systems. These measures, he noted, were bold interventions to dismantle long-standing inefficiencies and curb corruption. The governing philosophy of “Minimum Government, Maximum Governance” has evolved into a functional model delivering efficiency, accountability and discipline across institutions.

Direct Benefit Transfers and GST Impact

Emphasising inclusive governance, the Vice-President said the JAM trinity—Jan Dhan, Aadhaar and Mobile—has ensured that welfare benefits reach beneficiaries directly. Over ₹47 lakh crore has been transferred through direct benefit transfers, reducing leakages and enhancing transparency. He also termed the Goods and Services Tax as a landmark reform that unified India into a single national market, simplified taxation, improved compliance and strengthened cooperative federalism by removing interstate barriers.

Imporatnt Facts for Exams

• India is currently the fourth-largest economy by nominal GDP.
• The JAM trinity underpins India’s Direct Benefit Transfer architecture.
• GST created a unified national market and ended interstate check posts.
• Insolvency and Bankruptcy Code reformed India’s credit and recovery system.

Inclusion, Self-Reliance and Viksit Bharat Vision

The Vice-President said initiatives such as Digital India, Make in India, Startup India and the rapid expansion of UPI have empowered citizens, entrepreneurs and small businesses. He underlined that Aatma Nirbhar Bharat represents a shift from dependence to self-reliance, positioning India as a reliable global supply chain partner. This trajectory, he added, aligns with the goal of Viksit Bharat@2047, balancing economic growth with social justice, sustainability and technological progress.