12 yrs of PM Modi: Bold reforms $ decisive decisions
Live Events Demonetisation Goods and Services Tax Operation Sindoor Insolvency and Bankruptcy Code Revocation of Article 370 and reorganisation of J&K Ram Mandir construction Unified
Live Events Demonetisation Goods and Services Tax Operation Sindoor Insolvency and Bankruptcy Code Revocation of Article 370 and reorganisation of J&K Ram Mandir construction Unified Payments Interface launch Welfare delivery Production Linked Incentive scheme Corporate tax cuts Income tax overhaul Trade agreements Foreign policy and national security as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Prime Minister Narendra Modi completes 12 uninterrupted years in office on June 11, 2026, marking a political milestone few leaders in independent India have achieved.Since first taking oath on May 26, 2014, Modi has led three consecutive governments, overseeing a period marked by major economic reforms, constitutional changes, welfare expansion, technological transformation, national-security shifts and an increasingly assertive foreign policy.Over the past decade, India has witnessed developments ranging from demonetisation and GST to the abrogation of Article 370, the rise of UPI, the construction of Ram Mandir in Ayodhya, the rollout of large-scale welfare schemes and a significant repositioning of the country's global role.Together, here are 12 developments that came to define the Modi era:Few decisions generated as much nationwide attention as the government's demonetisation announcement on November 8, 2016.In a nationally televised address, Modi declared that ₹500 and ₹1,000 notes would cease to be legal tender from midnight of that same day. The move was presented as an assault on black money, counterfeit currency and terror financing.The Reserve Bank of India introduced redesigned ₹500 notes and a new ₹2,000 denomination to restore liquidity. Later, in May 2023, the RBI also withdrew the ₹2,000 notes under its Clean Note Policy.If demonetisation was the most dramatic economic intervention, the Goods and Services Tax was arguably the most ambitious structural reform.Launched on July 1, 2017, GST replaced a complicated web of central and state levies with a unified indirect tax system.Before GST, businesses navigated multiple taxes including excise duty, service tax, value-added tax, entry tax and octroi. The new framework sought to create a single national market and reduce cascading taxation. GST gradually evolved through repeated council meetings and revisions.The most significant reform came on September 6, 2025, when the GST Council approved a major rationalisation exercise.The council effectively simplified the tax structure by removing the 12 per cent and 28 per cent slabs for most products and retaining two principal rates of 5 per cent and 18 per cent. At the same time, a 40 per cent rate was imposed on luxury and “sin goods”.Operation Sindoor marked a defining moment in India's national security posture.Launched in the early hours of May 7, 2025, weeks after the Pahalgam terror attack that killed 26 civilians, Operation Sindoor was India's most expansive cross-border military action in decades.The operation targeted nine terror facilities across Pakistan and Pakistan-occupied Kashmir, including strongholds linked to Jaish-e-Mohammed, Lashkar-e-Taiba and Hizbul Mujahideen.What set Operation Sindoor apart was not just the targets but the message.
The BriefWire