Independence Day 2023: Five such big decisions after independence, which gave new momentum to India

The country is going to complete 76 years of independence on August 15, 2023. In the journey of these 76 years, India went through many ups and downs. There was a time when India was counted among the backward countries of the world at the time of independence. At the same time, India is now playing a big role in writing the destiny of the 21st century. From artificial intelligence, quantum computing to the space race, India's threat is getting stronger. The government is investing in a big way to bring India forward in this sector. Today India is counted among the top five largest economies of the world. However, India's journey to this point since independence was not an easy task. Many such revolutionary decisions and important changes played an important role in giving new momentum to India. On this auspicious occasion of completing 76 years of independence, today we are going to tell you about those five revolutionary decisions of India, which played a big role in writing the fate of the country.

Liberalization
The liberalization of India's economy in 1991 was a game-changing decision. Due to this one decision, the country's economy got exposure to the outside world. Due to liberalization, crores of people in the country were able to rise above the poverty line. This decision gave rise to new employment possibilities within the country.

Nationalization of banks
The nationalization of banks was a big decision. In the year 1969, Prime Minister Indira Gandhi nationalized 14 big banks in the country. The purpose of this decision was to give a rapid boost to the banking sector.

Green Revolution
Due to the Green Revolution in the years 1967-68 and 77-78, there was a record increase in agricultural production in the country. The Green Revolution was led by M.S. Swaminathan. This gave a new impetus to the agricultural economy of the country.

GST
In the year 2017, on July 1, GST came into force all over India. This was a major decision to bring transparency and reform to the country's tax system. GST is an indirect tax.

Constitution of NITI Aayog
NITI Aayog was formed in the year 2014 by abolishing the Planning Commission. The purpose of the formation of Niti Aayog was to fulfill the economic objectives of the country. NITI Aayog offers suggestions related to economic and developmental reforms to the Government of India.

(PC: iStock)