5 Economic Decisions by Atal Bihari Vajpayee that turn out to be the milestone

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 I dream of an India that is prosperous , strong, and caring .An India, that  regains a place of honor in the comit of great nations.

-Atal Bihari Vajpayee


Former Prime Minister Atal Bihari Vajpayee died at the age of 93 at AIIMS (All India Institute of Medical  Sciences) on August 16,2018.Atal Bihari Vajpayee was visionary leader having the expertise in Foreign policies.But apart from Foreign policies he also proved him self as the master of economy by taking some bold decisions that changed the face of Indian economy .When he left the position in 2004, Indian economy was in great shape as the money inflation rate was under control, foreign direct investment was increasing , GDP growth rate was around 8% and foreign exchange reserve was over flowing.Here are the 5 visionary decisions taken by Vajpayee that laid the foundation of a strong India.

1.Golden Quadrilateral Project: It was one of the most ambitious and challenging infrastructure project of post Independence. As per his promise he called a high level cabinet meeting within month after taking charge as a Prime Minister in 1999 to chalk out his dream project to connect four metro cities Delhi,Kolkata,Mumbai and Chennai.Most challenging part of the project was its cost .But Vajpayee was the man of will he raised fund for the project by taking some hard decisions. Because of the personal interest of Vajpayee 90% of this project was completed within 4 years.It was the most successful infrastructure project of Independent India.Because of the metros connectivity business operation became easy ,convenient and economical due to decrease in tariff and transportation cost.

2.Pradhan Mantri Gram Sadak Yojna (PMGSY) : This project was launched in the year 2000 by Atal Bihari Vajpayee to connect 1,78,000 villages with cities.It was also a dream project of Atal ji and was fully centrally sponsored project.This project has also got the pace due to priority project of Atal ji and completed most of the part during his tenure.The biggest impact of the project was increase in productivity ,change in life style of villagers and connectivity of the village located in outskirt ,remote or hilly areas.

3.Sarv Shiksha Abhiyan(SSA): I still remember the theme song of Sarv Shiksha Abhiyan ‘School chale ham’.It was the most successful post independent educational campaign of Government of India.It was launched by Atal Bihari Vajpayee in the year 2000 to provide free and compulsory education to children between 6 to 14 years.Due to proper implementation, regular supervision and fixing accountability this campaign has got the massive success.A significant decrease in School drop out ratio and increase in primary enrollment were the major achievement of this campaign.This programme was funded by World Bank and UNICEF.

4.Telecom Revolution: I still remember my childhood days when mobile and telephone were beyond the reach of common man and people used to pay a huge price to make a call or to receive a call through STD booths.When Vajpayee took charge as Prime Minister in 1999 telecom companies were bleeding due to less demand ,high licencing fee and high operating cost.In the year 1999 some 22 telecom operators in India reported a combined loss of ₹ 7,700 crore.It was Vajpayee who adopted revenue sharing model in 1999 which led the telecom companies to invest in infrastructures, which results in lowering operating cost .Because of lowering the cost telecom companies reduced the call rate which results in boost in demand.Vajpayee also separated BSNL from policy formulation to give private players more freedom and make the market competitive .

5.Disinvestment Policy and GST : To put the privatisation or disinvestment on a fast track Vajpayee government set up a separate department under the Disinvestment ministry.During the Vajpayee’s tenure disinvestment was made in several major government companies like BALCO,ITDC,IPCL and Maruti.This disinvestment policy gives private companies more freedom and space to grow on. One nation and one tax popularly known as Goods and Services Tax (GST) concept in India was also conceived by Vajpayee but due to oppose by some state governments it could not be implemented.

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