For All Defence Aspirants Strategy For New India @75-NCA ACADEMY
Strategy for new India @75
NITI aayog has recently released strategy fore new India @75 document with an aim to accelerate economic growth to 9-10% and make the country 1 $trillion economy by 2022-23.
The document has been dis aggregated under four sections viz. drivers, infrastructure inclusion and governance.
Key recommendations in drivers section
Drivers section include chapters on growth and employment doubling of farmers incomes upgrading the science technology and innovation ecosystem and promoting sunrise sectors like fintech and tourism.
Note: sunrise sector is a new industry that is expanding rapidly and expected to rise further in the future. It is characterised by high growth, number of start-ups increased investment, especially through venture capital funding.
Steadily accelerate the gross domestic product growth rate to achieve a target of about 8% during 2018-23 to raise the economy’s size in real terms from $ 2.7 trillion in 2017-18 to nearly $4 trillion by 2022-23.
The paper sets an annual inflation target of 2 % to 6 % by 2022-23.
Increase the investment rate in housing & infrastructure as measured by gross fixed capital formation (GFCF) from the present 29 % to 36% of GDP by 2022.
Rationalise direct taxes for both corporate tax personal income tax, ease the tax compliance burden and eliminate direct interface between taxpayers and tax officials using technology.
Increase tax GDP ratio to 22% of GDP by 2022-23. India’s tax GDP is around 17 % half of the average 35 % for countries part of the organisation for economic co-operation and development(OECD).
The strategy paper also called for having flexible fiscal deflect targets, governance reforms in public sector banks, performance assessment of executives and increased flexibility in personnel policy.
convent farmers to agripreneurs by further expanding e national agriculture markets (e-NAM) and replacing the agricultural produce marketing committee act with the agricultural produce and livestock marketing act.
The document is silent on farm loan waivers but has suggested the concept of a minimum support price produce be replaced with that of a minimum reserve price. The latter should be the starting point for auctioning at official wholesale markets so that farmers get at least a basic income.
Consider replacing the commission on agricultural costs and prices (CACP) by an agriculture tribunal in line with the provisions of article 323B of the constitution.
Give a strong push to zero budget natural farming techniques that reduce costs ,improve land quality and increase farmers incomes. Employment
Codification of labour laws, upscale and expand apprenticeships.
Enhance female labour force participation ,by ensuring employers adherence to the maternity benefit(amendment)act,2017,and the sexual harassment of women at workplace (prevention prohibition and redressal) act.
Launch a mission “explore in India” by revamping minerals exploration and licensing policy.
Key recommendation in infrastructure section
Infrastructure section deals with the physical foundations of growth which are crucial to enhancing the competitiveness of Indian businesses as also ensuring the citizens ease of living.
Expedite the establishment of rail development authority(RDA) ,for an integrated ,transparent and dynamic pricing mechanism for the railways.
Double the share of freight transported by coastal shipping and inland waterways.
Develop an IT enabled for integrating different modes of transport and promoting multi-modal and digitized mobility.
Private investment in infrastructure should be focused on through a renewed public-private partnership model.
Aim to deliver government services at the state, district and gram panchayats level digitally by 2022-23.
Key recommendations in inclusion section
Inclusion deals with investing in the capabilities of all of India’s citizens. The three themes in this section revolve around the dimension of health, education and mainstreaming of traditionally marginalized sections of the population.
Successfully implement the ayushman bharat programme, create a focal point for public health at the central level with state counterparts promote integrative medicine curriculum.
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.
Conceptualize an electronic national educational registry for tracking each child’s learning outcomes.
Housing for all
Affordable housing in urban areas to improve worker’s living conditions and ensure equity while creating large multiplier effects in the economy.
Agricultural export policy 2018 the union cabinet chaired by the prime minister has approved the agricultural export policy,2018.
The vision of the policy is to harness the export potential of Indian agriculture, through suitable policy instruments, to make India global power in agricultural and raise farmers income.
The suggestions in the agricultural export policy have been organised in two categories-strategic and operational.
The strategic category includes policy measures infrastructure category includes policy measures infrastructure and logistics support, holistic approach to boost exports and greater involvement of state governments in agricultural exports.
The operational category includes focus on clusters, promoting value -added exports marketing and promotion of brand India, attract private investments into production and processing, establishment of a strong quality regimen, research & development and miscellaneous.
In encourages state government to adopt model agricultural produce market committee (APMC) act,2003 and model contract farming act,2018 and establish e-NAM.
The policy has recommended setting up of an agri-startup fund.
The policy would help the government in achieving the target of doubling farmers income by 2022.
Objectives of the policy
To double agricultural exports from present $ 30 billion to $ 60 billion by 2022 and reach $ 100 billion in the next few years thereafter, with a stable trade policy regime.
To diversify export basket ,destinations and boost high value and value -added agricultural exports including a focus on perishables.
To promote novel, indigenous, organic, ethic, traditional and non -traditional Agri products exports.
To provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phytosanitary issues.
To strive to double India’s share in world Agri exports by integrating with global value chain at the earliest.
Enable farmers to get the benefit of export opportunities in overseas market by integrating Indian farmers and agricultural products with the global value chains.