What is the impact of PM Modi's middle class welfare policies on the Indian economy

In what way has PM Modi catered to the middle class through his policies and how have they benefited the Indian economy?
PM Modi's middle class welfare policies have had a significant impact on the Indian economy. Here are some ways in which PM Modi has catered to the middle class and how these policies have benefited the economy: 1. Income tax reforms: PM Modi has raised the income tax exemption limit to benefit the middle-class taxpayers. This has increased disposable income for the middle class, resulting in higher purchasing power and consumption. 2. Housing for all: The Pradhan Mantri Awas Yojana aims to provide affordable housing to all by 2022. This initiative has boosted the real estate sector, creating jobs and stimulating economic growth. 3. Affordable healthcare: The Ayushman Bharat scheme provides health insurance coverage to the poor and vulnerable sections of society, reducing healthcare costs and increasing financial security for the middle class. 4. Skill development: Skill India initiative focuses on enhancing the employability of the youth by imparting market-oriented skills. This benefits the middle class by providing better job opportunities and contributes to overall economic development. 5. Digital India: PM Modi's push for digitalization has made services more accessible and efficient. This has facilitated financial inclusion, eased business transactions, and stimulated economic growth. In summary, PM Modi's middle-class welfare policies have provided relief to the middle class, enhancing their standard of living while driving economic growth through increased consumption and investment.
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