Tuesday, January 1, 2019

Strategy for New India@75

NITI Aayog unveiled a strategy document called the “Strategy for New India@75” suggesting reforms to make India a 4-trillion dollar economy by 2022-23. The document’s main idea is to go for such reforms in the economy that will keep India growing at 8% annually that could be quicken to 9 10% by 2022-23. The document suggests increasing the share of taxes in the national income from current 17% to 22%. The report calls for the inclusion of fuel and electricity within the ambit of GST. All of the 250,000 gram panchayats should be digitally connected by 2019 through the Bharat Net programme. The government services should be delivered digitally to all the gram panchayats by 2022- 23. The document also says that Bharatmala Pariyojana and roads-construction in the north eastern region should be completed and Power for All and a pucca house for every family have to be ensured. FDI limits should be liberalised also.