Prime Minister Narendra Modi addressed the BJP’s Zila Panchayat members’ conference on Friday. In his speech, he highlighted the remarkable progress that India is making towards achieving equitable and collective prosperity. He mentioned two research pieces, one from SBI Research and another by journalist Anil Padmanabhan, which indicate India’s economic progress. According to the SBI Research, the weighted mean income in India has increased from Rs 4.4 lakh in 2014 to Rs 13 lakh in 2023. These findings reflect India’s collective efforts and its potential as a nation.
Prime Minister Modi reiterated his goal of making India a developed country by 2047, which he had announced in his 2022 Independence Day speech. He has consistently framed his government’s measures around this goal and called for the elimination of corruption and dynastic politics. Padmanabhan’s study of income tax return data also showed a widening tax base across income brackets, with each bracket experiencing a minimum threefold increase in tax filings.
The research also highlighted the positive performance of states in terms of increased income tax filings. Uttar Pradesh, for example, saw a significant increase in ITR filings from 1.65 lakh in June 2014 to 11.92 lakh in June 2023. Smaller states like Manipur, Mizoram, and Nagaland in the northeast region also exhibited impressive growth in ITR filings over the past nine years.
Prime Minister Modi sees these findings as a manifestation of the trust that people have in the government. He believes that India is on the path to economic prosperity and collective progress, and is confident in achieving the dream of a developed India by 2047.