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