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

New India @75 -Brief Information

Big Targets

  • Essential GDP Growth Rate of 9%: This growth rate is required to generate enough jobs.
  • Economical Growth Rate: A target economic growth of $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, such Drivers, Infrastructure, Inclusion, and Governance.
Image by CurrentAffairs.Guide

Weakness/Barriers to the Indian Economy

  • The lack of middle institutions is a big barrier to industrial infrastructure
  • Cluster and association of SMB are missing and need to be formalized than formalizing small enterprises excessively.
  • Professionally management of a formal cluster is required, this will help connect the formal and informal sides 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, Labor-intensive industries are required to generate employment.
  • NITI Aayog has a very ambitious plan and clearly highlighted the clustering of SMBs 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 an 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 exams in all respective civil services.
  • Establishment of 150,000 healthcare centers across the country under the “Ayushman Bharat Program” to implement the "Pradhan Mantri Jan Arogya Yojana’
  • The vision document called for creating “Agripreneurs”, the 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 the poorest among the minority communities, through census data to rollout various schemes to uplift their livelihood and socio-economic situation.

Recommendations under sections

Drivers Focus on Economic Growth)

  • Economic growth to achieve a GDP of 8%-9% (time-frame 2018-2023).
  • Fat size of the economy from the 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 the 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 labor laws, and scaleup the apprenticeships.
  • “Explore in India”, licensing policy for minerals exploration.

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 digitized mobility.
  • Digitization and connecting 250,000-gram panchayats through the “Bharat Net Programme in 2019” by the year 2022-23.

Inclusion (Identifying, facilitating, and investing in capabilities of Indian citizens):

  • Implementation of the Ayushman Bharat program through the establishment of 150,000 health and wellness centers across India, and eventually the Pradhan Mantri Jan Arogya Abhiyan (PM-JAY).
  • Lay foundation for the “Ayushman Bharat program” by the establishment of 250,000 health care centers across India.
  • Creating a platform/framework of healthcare at the central and state levels to facilitate the “Pradhan Mantri Arogya Abhiyan”.
  • Uplift the quality of the education system in schools and create appropriate ecosystems at the 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 provides them an appropriate platform.

Governance (Structuring the governance for synchronizes growth)

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