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.
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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”.