It was a stunning victory that saw Narendra Modi being sworn in as India's fifteenth Prime Minister, on the May 26. But the Modi juggernaut did not stop at the steps of 10 janpath. Within a fortnight, Modi reached out directly to secretaries of every ministry, urging them to work together to fulfil his party's myriad promises. It was a simple move, but one that worked wonders on bureaucratic morale.
As DIPP Secretary Amitabh Kanth tweeted: 1st time in my career free, frank & fearless interaction with d pm of d country. Highly motivating! Gr8 flow of ideas!
Sticking to his mantra of 'minimum government and maximum governance', the prime minister appointed a single cabinet minister for a cluster of ministries working in complimentary sectors. And with this new administrative structure in place, Modi's first big pitch to global industry came on Independence Day, in the form of his "Make in India" campaign.
Modi's 'Make in India' pitch was a move that caught the attention of corporate India.
Let no body have any doubt that we can be globally competitive at our on terms and that is why 'Make in India' is right. Also what is important is for the make in India movement it is imp to be open to capital and expertise from all over the globe.
And it was a mantra Modi did not hesitate to chant during his visits to Japan, to the US, and to Australia. But there were more demands from industry as well and the Modi government obliged with one of the key moves in this direction being 14 amendments to the New Companies Act. Industry's call also prompted Modi to set up a committee to review archaic laws, simplify business procedure, and reduce transaction costs.
To give a boost to infrastructure development, the government has also relaxed the FDI policy for construction, defence production and railways.
The roll out of the Digital India Mission has re-emphasised the government's commitment to information technology.
Taking the UPA agenda of financial inclusion forward, Modi launched the Pradhan Mantri Jan Dhan Yojna to bring India's 7.5 crore unbanked households into the banking loop by January 26, 2015 and the banking sector says it has seen a fabulous response.
As modi's various ministries worked to, among other things, push forward economic reforms, and repair India's image as an investment destination and an economy with superpower potential, the prime minister launched his next salvo - the Swachh Bharat mission, which saw top corporate honchos and Bollywood celebrities participate with gusto.
Prime Minister Narendra Modi has been able to create some high expectations during the past seven months... partly because of his charisma, but more so because his government has been seen making the right noises, and even moving forward to keep these promises. But the honeymoon period is coming to an end, and as 2015 unwinds, analysts and investors will be closely monitoring the outcomes of Modi's decisions, just how well new policy is being implemented, and whether the Modi juggernaut will run out of steam.
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Rewind 2014:India bets on reforms amid bureaucracy facelift
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