India's Gains from the External Tours of PM Modi: A Strategic and Economic Impact
Prime Minister Narendra Modi's extensive travels have brought both domestic and international attention to India. His ability to traverse various regions within just three years of office reflects a strategic approach aimed at enhancing India's global standing and promoting nation-building initiatives.
Strategic Alliances and MoUs
The visits have facilitated the signing of numerous Memorandums of Understanding (MoUs) that have had far-reaching impacts on India's strategic and economic landscape. Prime Minister Modi's diligence in scrutinizing these agreements, with the help of experts like Nirmala Sitharaman, ensures that India obtains favorable terms. This meticulous approach has resulted in better MoUs that benefit India in the long run.
The Prime Minister's travels to various countries have garnered significant international attention. For instance, India's journey over the airspace of Saudi Arabia to Israel underlined India's growing diplomatic clout. Such moves are not taken lightly and reflect India's commitment to fostering strong relationships with neighboring and far-flung countries.
Economic Boon and Tourism
The economic benefits of PM Modi's tours extend beyond international relations. His visits to countries like Israel have inadvertently boosted trade and investment flows. For instance, the visits often lead to increased tourism, with foreign delegations bringing a wave of high-spending tourists. This is particularly evident in places like Varanasi, where the domestic tourism inflow has doubled since 2014 following high-profile diplomatic visits. Such initiatives not only enhance the local economy but also cement India's position as a global travel destination.
Weeding Out Irregularities
Modi's tours have also had a transformative impact on India's business environment. The prime minister has emphasized the importance of filing returns on time and has taken strict action against those who engage in unreported or irregular transactions. This has led to a more transparent and accountable business landscape. For instance, thousands of private limited companies are now required to comply with the new regulations, significantly reducing the prevalence of 'kashta-pakha' transactions and unexplained foreign remittances.
Communal Response and Criticism
While the positive outcomes of PM Modi's tours cannot be denied, there are also criticisms from various quarters. Some critics argue that these tours are more about political showmanship than substantive policy initiatives. However, the prime minister's efforts to build alliances across the globe and address critical issues such as agriculture, defense, and education, as well as the recent successful repatriation of missing Indian nationals, demonstrate a multi-faceted approach to governance.
Conclusion
Prime Minister Modi's external tours have brought considerable gains to India, both in terms of strategic alliances and economic benefits. These initiatives have not only strengthened India's position on the global stage but have also fostered a more transparent and accountable economic environment. While the journey to 'Acche Din' is ongoing, each step taken during these tours contributes to a better India for all its people.