NITI Aayog's Strategy/Agenda for New India @75

NITI Aayog's Strategy/Agenda for New India @75

NITI Aayog's Strategy/Agenda for New India at 75

Big Targets

  • Essential GDP Growth Rate of 9%: This growth rate is required to generate enough jobs.
  • Economical Growth Rate: A target economic growth to $4 trillion by the year 2022-23, currently at $2.7 trillion 2017-18.
  • The 41 (forty-one) chapter vision document, Highlights four broad sections as such Drivers, 
  • Infrastructure, Inclusion and Governance.

Weakness/Barriers of Indian Economy

  • Lack of middle institutions is a big barrier in industrial infrastructure
  • Cluster and association of SMB are missing and needs to be formalised than formalizing small enterprises excessively.
  • Professionally management of formal cluster is required, this will help connect the formal and informal side of the economy.
  • Not the volume of the manufacturing sector, but the proper shape matters more.
  • Capital intensive industries will not solve the problem, instead, Labour intensive industries are required to generate employment.
  • NITI Aayog has a very ambitious plan and clearly highlighted the clustering of SMB as a primary strategy for the upliftment and growth of the competitive industrial sector.

Highlights of the Vision Document

  • Doubling the farmer's income, promote “Make in India” Fin-Tech and Tourism in India, startup incubators and innovation ecosystem.
  • Making it more convenient to join the Govt. civil services, by reducing the age from 30 years to 27 years for General Category applicants by the year 2022-23 and integrated exam all respective civil services.
  • Establishment of 150,000 healthcare centre across the country under the “Ayushman Bharat Program” to implement the "Pradhan Mantri Jan Arogya Yojana’
  • The vision document called for creating “Agripreneurs”, creation of the agriculture-based industry, at a faster pace and uplift the framer's livelihood through their active participation.
  • Privatization of “Indian Railways” from ownership to the modernization of railway stations.
  • Recycling initiative through “Swachh Bharat Mission” and generation of wealth/energy from waste.
  • Elimination of direct communication/interface between taxpayers and officials using the latest technology.
  • Encourage paperless banking, making schools more inclusive of financial literacy.
  • Finding a way to target poorest among the minority communities, through census data to rollout various schemes to uplift their livelihood and socio-economic situation.

Recommendations under sections

1. Drivers (Focuses on Economic Growth) :

  • Economic growth to achieve GDP of 8%-9% (time-frame 2018-2023).
  • Fat size of the economy from current $2.7 trillion (2017-18) to $4 trillion (2022-23) to $5 trillion eventually in 2030
  • Increase in investment, i.e. from GFCF 29% to 36% of GDP in 2022.
  • Encouraging active participation of farmers and related processing industries, the approach is to create more “Agripreneurs”.
  • The materialization of “Zero Budget Natural Farming”.
  • Maximum employment, rejuvenation of labour laws and scaleup the apprenticeships.
  • “Explore in India”, licensing policy for minerals exploration.

2. Infrastructure (Physical Foundation of Growth) :

  • Railways Development Authority (RDA) to make a decision and devise the mechanism for pricing for railways.
  • Funding and infrastructure of IT-enabled integrated freight and transportation for multiple modes of transportation and digitised mobility.
  • Digitization and connecting 250,000-gram panchayats through “Bharat Net Programme in 2019” by the year 2022-23.

3. Inclusion (Identifying, facilitating and investing into capabilities of Indian citizens):

  • Implementation of the Ayushman Bharat programme through the establishment of 150,000 health and wellness centres across India, and eventually the Pradhan Mantri Jan Arogya Abhiyan (PM-JAY).
  • Lay foundation for “Ayushman Bharat programme” by the establishment of 250,000 health care centre across India.
  • Creating a platform/framework of healthcare at central and state level to facilitate the “Pradhan Mantri Arogya Abhiyan”.
  • Uplift the quality of education system in schools and creating appropriate ecosystems at grassroots level (Atal Tinkering Labs by 2020).
  • Affordable housing programs in Urban regions for strong economic growth
  • Tracking each child’s learning capability and its outcome thus providing them an appropriate platform.

4. Governance (Structuring the governance for synchronises growth)

  • Address the Backlog of Pending Cases
  • Widen the scope of Swachh Bharat Abhiyaan, to recycle the waste and generate wealth and energy. Reducing the carbon footprint.
  • Implement the “Second Administrative Reforms Commission”.
  • Establish the autonomous body “Arbitration Council of India”.

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