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NITI Aayog releases ‘Strategy for New India @75’; aims to make India a USD 5 trillion economy by 2030

The Strategy document aims to further improve the policy environment in which private investors and other stakeholders can contribute their fullest towards achieving the goals set out for New India 2022 and propel India towards a USD 5 trillion economy by 2030.

Dec 20, 2018 13:06 IST
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The NITI Aayog on December 19, 2018 released ‘Strategy for New India @75’, its comprehensive national Strategy for New India which defines clear objectives for 2022-23. The Strategy was released by the Union Finance Minister Arun Jaitley.

It is a detailed account across 41 crucial areas that recognises the progress already made, identifies binding constraints, and suggests the way forward for achieving the objectives.

The forty-one chapters in the document have been merged under four sections - Drivers, Infrastructure, Inclusion and Governance.

Objective

The Strategy document aims to further improve the policy environment in which private investors and other stakeholders can contribute their fullest towards achieving the goals set out for New India 2022 and propel India towards a USD 5 trillion economy by 2030.

Key Takeaways

  • With ‘Strategy for New India @ 75′, Niti Aayog aims to accelerate growth to 9-10 percent and make India a USD 5 trillion economy by 2030.
  • The development strategy includes doubling of farmers’ income, boosting ‘Make in India’, upgrading the science, technology and innovation ecosystem, and promoting sectors like fintech and tourism.
  • NITI Aayog prescribed reducing upper age limit to join the civil services to 27 years from the present 30 years for General Category candidates by 2022-23 in a phased manner and also to have one integrated exam for all civil services.
  • It calls for successfully implementing the Ayushman Bharat programme including the establishment of 150000 health and wellness centres and rolling out Pradhan Mantri Jan Arogya Yojana.
  • The document outlines the need for creating agripreneurs, which implies creation of agro-processing industry at a much faster pace to enhance farmer participation though agro processing.
  • It calls for participation of Private Sector in Indian Railways. From ownership of locomotives and rolling stocks to modernising stations, improvement of the railways hinges on private participation.
  • It boasts of expanding the scope of Swachh Bharat Mission to cover initiatives for landfills, plastic waste and municipal waste and generating wealth from waste.
  • The government will have to ease the tax compliance burden and eliminate direct interface between taxpayers and tax officials using technology.
  • It suggests better compensation to banking correspondents, facilitating paperless banking and introducing financial literacy chapters in school curricula to spur financial inclusion.
  • It recommends identification of the poorest among the minority communities through the socio-economic caste census data for proper targeting of various schemes.

Key recommendations stated under four sections

Recommendations stated under Drivers

  • Steadily accelerate the economy to achieve a GDP growth rate of about 8 percent on average during 2018-23. This will raise the economy’s size in real terms from USD 2.7trillion in 2017-18 to nearly USD 4 trillion by 2022-23.
  • In agriculture, shift the emphasis to converting farmers to ‘agripreneurs’ by further expanding e-National Agriculture Markets and replacing the Agricultural Produce Marketing Committee Act with the Agricultural Produce and Livestock Marketing Act.
  • Give a strong push to ‘Zero Budget Natural Farming’ techniques that reduce costs, improve land quality and increase farmers’ incomes.
  • To ensure maximum employment creation, complete codification of labor laws; and upscale and expand apprenticeships.
  • Launch a mission “Explore in India” by revamping minerals exploration and licensing policy.

Recommendations under Infrastructure

  • Expedite the establishment of the Rail Development Authority (RDA), which is already approved.
  • Double the share of freight transported by coastal shipping and inland waterways.
  • Develop an IT-enabled platform for integrating different modes of transport and promoting multi-modal and digitised mobility.
  • Deliver all government services at the state, district, and gram panchayat level digitally by2022-23. With the completion of the Bharat Net programme in 2019, all 2.5 lakh gram panchayats will be digitally connected.
  • The three themes in this section revolve around the dimensions of health, education and mainstreaming of traditionally marginalised sections of the population.

Recommendations under Inclusion

  • Successfully implementing the Ayushman Bharat programme including the establishment of 150000 health and wellness centres across the country, and rolling out the Pradhan Mantri Jan Arogya Abhiyaan (PM-JAY).
  • Create a focal point for public health at the central level with state counterparts.
  • Upgrade the quality of the school education system and skills, including the creation of a new innovation ecosystem at the ground level by establishing at least 10,000 Atal Tinkering Labs by 2020.
  • Conceptualise an electronic national educational registry for tracking each child’s learning outcomes.
  • As already done in rural areas, give a huge push to affordable housing in urban areas to improve workers’ living conditions.

Recommendations under Governance

  • Implement the recommendations of the Second Administrative Reforms Commission as a prelude to appointing a successor for designing reforms in the changing context of emerging technologies.
  • Set up a new autonomous body ‘Arbitration Council of India’ to grade arbitral institutions and accredit arbitrators to make the arbitration process cost effective and speedy/
  • Address the backlog of pending cases.
  • Expand the scope of Swachh Bharat Mission to cover initiatives for landfills, plastic waste and municipal waste and generating wealth from waste.

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