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
Narendra Modi this requirement was waived. The bill was passed via an executive order after it faced opposition in parliament, but was eventually allowed to lapse. Modi's government put in place the Goods and Services Tax, the biggest tax reform in the country since independence. It subsumed around 17 different taxes and became effective from 1 July 2017. On 25 June 2015, Modi launched a programme intended to develop 100 smart cities. The "Smart Cities" programme is expected to bring Information Technology companies an extra benefit of . In June 2015, Modi launched the "Housing for All By 2022" project, which intends