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Jan-INDUSTRY & Privatization - Coggle Diagram
Jan-INDUSTRY & Privatization
P&H
advent of british
decay of Indian handicraft industry
machine made goods
flooded in Indian markets
After Independence through
subsequent 5-year plan
focused on Industrialisation
Btw 1965-80, declined
mainly due to negligence of consumer good sector
in the first three 5 year plans
Post-1991 economic liberalization
Current Situation
NITI Aayog
identified 115 aspirational districts
district are being ranked
based on progress
in thematic areas
Health & Nutrition, Education
Agriculture & Water Resources
Financial Inclusion & Skill Development
and Basic Infrastructure
India’s Global stature
Chair of WHO executive board in May 2020
elected as non-permanent member of UNSC
scheduled to host
the G20 in 2023
National Compliance Commission
reduce the compliance
burden by at least 50%
focus on
identifying duplication
remove ambiguity
standardize implementation
and simplify record keeping
create Unique Enterprise Number
create holistic corporate profile
for governance, credit, risk and compliance
E.g.
HR State Employment of local candidates bill 2020
reserve 75% of new jobs
in private establishment
Article 16(3)
enable parliament to enact
preferential treatment
in public employment
promotes regionalism and
flames up localism
interfere with freedom of trade and business
industries move
to adjoining states
E
Current Situation
WB´s Ease of Doing Business
63rd among 190 countries
FDI inflow FY 20-21
total $35.73 billion is highest ever
for the first 5 months of FY
Govt approved 100% FDI
through automatic and direct route
start-up culture
under Start-Up India Scheme
Atal Innovation Mission
flagship initiatives
advance India position
in Global Innovation Index 48th
UPI and Aadhaar
reduced cost of money distribution
among the poor
Multidimensional Poverty Index, 2019
India has lifted 271 million people
out of poverty btw 2006 and 2016
India Pharma Manufactures
more than 60%
all vaccines sold across the globe
Private Sector
does not create jobs
unemployment will increase
last 5 years
private corporate sector
gross fixed capital formation
had fallen from 26.1% to 23.4%
PSUs
outside the banking area
contributed to around
40,000-60,000 crore of dividend
on annual basis
Improving Ease of Doing Business
create Unique Enterprise Number
create holistic corporate profile
for governance, credit, risk and compliance
entrepreneur deals
with over 70 different
licenses, registrations and approvals
to start
all compliance
must go digital
S&E
Current Situation
India made progress
in SDG 6- clean water & sanitation
Privatization Criticism
Social Justice
Privatization policy
betrays social justice
PSUs
played active role in developing
backward regions
through reservation
employees will face lay-offs
S&T
Digital India campaign
through Bharat Net Programme
created
digitally empowered society
and knowledge economy
Aadhaar become
world´s largest biometric database
pandemic recovery rate
around 95%
better than any country in the world
Conclusion
Minimum Government, Maximum Governance
model
along with concept of co-op federalism