Maruti Suzuki India Chairman R. C. Bhargava has lauded Prime Minister Narendra Modi's 12 years in office, describing the period as transformative for Indian industry, exports, infrastructure, and rural development. Bhargava's remarks came as PM Modi marked his 12th year as India’s longest-serving elected Prime Minister, emphasizing the profound impact of government policies since 2014.
Economic Reforms and Competitiveness
Bhargava underscored how the Modi government's initiatives, including economic reforms, extensive infrastructure development, digital governance, and measures to improve ease of doing business, have significantly bolstered India's global competitiveness and manufacturing ecosystem.
Boosting Manufacturing and Exports
According to Bhargava, the close link between industrial growth, competitiveness, and the creation of employment and wealth was recognized under PM Modi's leadership. He stated that critical measures were implemented to dismantle previous barriers that hindered industrial progress. Reforms in taxation, the adoption of digital technologies, and streamlined business regulations have collectively eliminated inefficiencies, reduced operational costs, and enhanced the global competitiveness of Indian products.
Digital Governance and Ease of Business
The emphasis on digital technology has been a cornerstone, enabling more transparent and efficient governance. These advancements have played a crucial role in creating a more favorable environment for businesses to operate and expand.
The Automobile Sector's Transformation
The veteran industry leader highlighted the automobile sector as a prime example of the growth achieved. India has ascended to become the world's third-largest automobile manufacturing nation, a testament to the sector's robust expansion.
Maruti Suzuki's Export Surge
Bhargava pointed to Maruti Suzuki's own export figures, noting a substantial increase from approximately 1 lakh units in 2013-14 to nearly 4.5 lakh units in 2025-26. This significant growth reflects the broader positive trend in India's automotive exports.
India's Global Automotive Standing
The Chairman emphasized the broader economic benefits of this automotive growth, stating that the sales and usage of cars generate substantial employment across the country.
Rural Prosperity and Social Impact
Beyond industrial growth, Bhargava also credited government welfare and rural development initiatives for expanding economic opportunities in rural India, leading to greater prosperity.
Direct Benefit Transfers
Digital technology has facilitated the direct transfer of benefits to intended recipients, effectively eliminating middlemen and ensuring that aid reaches those who need it most. Schemes aimed at helping the poor construct houses, gain access to clean water, and send girls to schools have been instrumental.
Growth in Rural Car Sales
Farmers have also received substantial support, contributing to growing rural prosperity. As a direct consequence of these government policies, the share of Maruti Suzuki India Limited (MSIL) cars sold in rural areas dramatically increased from 32% to 52%, a remarkable transformation.
India's Enhanced Global Standing
Bhargava also commented on India’s improved international standing, asserting that the Prime Minister has successfully built trust and confidence among foreign nations. This has opened up more avenues for Indian businesses to access global markets and foster bilateral trade.
Trust and Trade Opportunities
The enhanced international relations have created a conducive environment for Indian enterprises to expand their global footprint and engage in more extensive trade partnerships.
Infrastructure and Supply Chains
Furthermore, significant investments in infrastructure have resulted in reduced logistics costs. This strategic improvement has positioned India as an attractive alternative destination for global supply chains seeking diversification from China, reinforcing its role in the international economy.