NITI Aayog
Strategy for New India @ 75
Raise Investment: 29%(2017-18) -> 36%(2022-23)
Investment = gross fixed capital formation as a share of GDP
Inclusive, sustainable, clean and formalised growth
Economy's size: $2.7 tn -> $4 tn
Annual growth rate 9% by 2022
Reform agriculture-
Farmers to agripreneurs by leveraging e-NAM
APMC act -> APLM act
Codify labour laws
ZBNF
Freer export regime
Abolition of Essential Commodities Act
Data
SDG Index score 0-100
Dec,2018
Kerala=TN=HP >...> Bihar>UP
NITI Aayog
Need
Along with current work- need of decentralised planning with a longer time period with specialist bureaucracy and outcome based accountability
Planning an important aspect for development and make use of demographic dividend especially in industrial policy field as can be seen from South Asian and SEAN.
Failures
Less influence in policymaking with long term consequences
Less role in in influencing, let alone directing, public or private investment.
Relevance
Identification of best practices and replication at other places
Accountability in system- performance and outcome based realtime monitoring and evaluation of government work
Think tank- Continuous flow of innovative ideas from all sectors to the govt system for implementation
Congruence among ministries and bn states and centre
Cooperative Federalism and Competitive federalism
Facts