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Indian government has introduced many initiatives to strengthen the nation's economy

The Indian government has implemented various initiatives to bolster the nation's economy, emphasizing policies like Make in India, Start-up India, and Digital India. Noteworthy measures include the Amrit Bharat Station Scheme for railway station transformation, the Draft Carbon Credit Trading Scheme, and the Foreign Trade Policy 2023. The government aims to enhance manufacturing through schemes like the Production Linked Incentive Scheme for Pharmaceuticals and the PM-DevINE for the North-East Region. Additionally, significant budget allocations and strategic agreements signify a comprehensive approach to economic growth and development.

Amrit Bharat Station SchemeAugust 6th, 2023Transformation and revitalization of 1309 railway stations. Continuous development with a long-term vision.
Draft Carbon Credit Trading SchemeJune 28th, 2023Introduced by the Ministry of Environment, Forests, and Climate Change.
Foreign Trade Policy 2023April 1st, 2023Aims to support 'AtmaNirbhar Bharat' and 'Local goes Global' philosophy.
Production Linked Incentive Scheme (PLI) for PharmaceuticalsApril 1st, 2023Introduced to enhance India’s manufacturing capabilities.
PM-DevINEUnion Budget 2022-23Prime Minister's Development Initiative for North-East Region with a financial outlay of Rs. 1,500 crore.
Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY)January 1st, 2023Inaugurated by PM Narendra Modi, providing free food grains to beneficiaries.
Credit Guarantee Scheme for Start-ups (CGSS)October 7th, 2022Launched by DPIIT to provide credit guarantees for start-ups.
Telecom Technology Development Fund (TTDF) SchemeOctober 2022Launched by USOF to fund R&D in rural-specific communication technology.
Border Tourism Development ProgrammeSeptember 2022Laid foundation stone for Tanot Mandir Complex Project in Jaisalmer.
Central Arid Zone Research Institute (CAZRI) FacilitiesAugust 2022Inauguration of four new facilities by Minister of Agriculture.
Special Food Processing FundAugust 2022Set up with NABARD to provide credit for Mega Food Parks and processing units.
Mega Cargo Handling TerminalsJuly 2022DPA's plan to develop terminals on BOT basis under PPP Mode.
India & Maldives MoUJuly 2022Approved by Union Cabinet for information technology court digitization.
India-Namibia MoU on Wildlife ConservationJuly 20th, 2022Agreement for the cheetah reintroduction into India.
RBI Approval for International Trade SettlementsJuly 2022Approval for trade settlements in Indian rupees to promote global trade.
Agnipath SchemeJune 14th, 2022Introduced for a young and skilled armed force with advanced warfare technology.
Gujarat Gaurav Abhiyan ProjectsJune 2022Inauguration and foundation stone laying for projects worth Rs. 21,000 crore.
AI in Defence SymposiumJuly 11th, 2022Launch of 75 AI products/technologies by Minister of Defence.
UP Investors Summit ProjectsJune 2022Laid foundation stone for 1,406 projects worth more than Rs. 80,000 crore.
IISR MoU with Lysterra LLCJune 30th, 2022MoU for commercialization of bio capsule technology.
Free Trade Agreements (FTAs)April 2022India signed 13 FTAs, including India-UAE CEPA and India-Australia IndAus ECTA.
'Mission Shakti'April 1st, 2022Aimed at strengthening interventions for women’s safety, security, and empowerment.
Union Budget 2022-23February 1st, 2022Priorities include PM GatiShakti, Inclusive Development, Productivity Enhancement, and Investment.
Strengthening of Pharmaceutical Industry (SPI)March 2022Launched to provide credit linked capital and interest subsidy for technology upgradation.
PM GatiShakti Master PlanOngoingDevelopment of 25,000 km of new highways network.
Scheme for Economic Empowerment of DNTs (SEED)February 2022Launched for basic facilities and financial assistance for DNTs.
Extension of PLI SchemesFebruary 2022Extended to 14 sectors to achieve AtmaNirbhar Bharat and create jobs.
PLI Scheme for Domestic Solar Cells2022-23Funding announced in Union Budget of Rs. 24,000 crore.
PLI Scheme for Bulk Drugs2022-23Investment of Rs. 2,500 crore announced in Union Budget.
Design-led Manufacturing in 5G2022-23Scheme announced in Union Budget.
Telecom Sector ReformsSeptember 2021Major reforms announced by Union Cabinet.
BSNL Capital Investments2022-23Allocation of Rs. 44,720 crore in Union Budget for 4G spectrum.
Deep Ocean Mission2022-23Allocation of Rs. 650 crore for exploring marine resources.
India-UK Free Trade AgreementNovember 1st, 2021Negotiations expected to begin for unlocking business opportunities.
Merchandise Export TargetAugust 2021National mission to reach US$ 400 billion export target by FY22.
e-RUPI Digital Payment SolutionAugust 2021Launched by PM Narendra Modi for contactless and cashless digital payments.
Trilateral Trade Between India, UAE, and IsraelApril 2021Expected to reach US$ 110 billion by 2030.
Investment in Oil and Gas Infrastructure2019-23Expected investment of around US$ 100 billion.
Public Health SpendingBy 2025Government expected to increase spending to 2.5% of GDP.