Narendra Modi 26 May 2014 at the Rashtrapati Bhavan. He became the first Prime Minister born after India's independence from the British Empire. His first cabinet consisted of 45 ministers, 25 fewer than the previous United Progressive Alliance (UPA) government. 21 new ministers were added to the council of ministers in November 2014. During his premiership, India rose to the 77th rank from 142th in the 2018 Ease of Doing Business ranking by World Bank. The economic policies of Modi's government focused on privatisation and liberalisation of the economy, based on a neoliberal framework. Modi liberalised India's foreign direct investment policies, allowing
Foreign policy of the Narendra Modi government This included meeting Japanese Prime Minister, Shinzo Abe twice in 2007 and 2012 and building a personal rapport. He also reached out for investment deals with China and Israel, who sought to increase economic ties beyond defence and agriculture, according to outgoing Israeli Ambassador Alon Ushpiz. He was widely appreciated for his endeavour to organise Vibrant Gujarat, a biannual international business summit, to welcome investment in his home state which also helped build a pro-development and business friendly image. Though Modi made no major foreign policy speeches during the general election campaign in 2014 except calling out China's potential aggression