Drivers for Development of

Indian Economy

A NITI AYOG VISION 2018

Growth Targets

 During 2018-23 8 % GDP growth

 Inclusive, Sustained , clean and formalized.
 Investment rate to go up from 23% to 33% by 2023.
 Export to go up from USD 478 B to 800 B by 2023.
Labor Reforms
 Reduce number of laws.
 Increase female labor force
 Reform labor laws
 Improve labor productivity
 Reform Wage structure
 Improve working conditions
Technology and Innovation

 To among Top 50 globally

 At least 5 Indian Institutions out of 100 World
Class
 Spend 2 % GDP on R&D
 Make Atal Innovation Mission a SUCCESS
Industry
 Double Industry Growth Rate
 Techno-vation Advancement
 Improve Artificial Intelligence
 Ease of Doing Business
Double Farmers’ Income

 Modernize Agriculture
 Consolidate Farming areas.
 Seed and Soil Testing and Use of data to improve
yield
 Efficient Irrigation
 Efficient Fertilizer use
Policy Reforms in Agriculture
 Give Farmer its due status
 Ease of Marketing of Agri Products
 Price realization
 Value added at source ( Industry)
 Improved Infrastructure.
Financial Inclusion

 Banking Reforms
 Access to Credits
 Financial Literacy
Housing for All
 Housing for Rural and Slum Dwellers.
 Access to Finanace
 Construction Technology for Cheap and Efficient
homes
 Efficient land use.
Travel, Tourism and Hospitality
 Improve Tourism both Domestic and Foreign
 Affordable hospitality and Travel ( India has only 1
% share of world tourism)
 Develop Heritage locations into tourist spots.
 Strengthen tourism education.
Minerals

 Explore- Immense wealth

 Mining Sector Growth is only 3% - Increase to 8 %
 Improve Licensing Policy
 Improve efforts to make mining sustainable.
Energy
 24x7 availability
 175 GW RE by 2022
 Reduce Oil Imports by at least 10 %by 2022
 Reduce emission intensity by 35% (Intended
Nationally Determined Contribution) (INDC)
 Reduce Subsidy on Energy Use.
 Energy efficiency Improvement
 Promote smart grids and smart meters.
Surface Transport
 Bharat Mala- 24800 Km roads by 2022 including
2000Km Coastal Roads for
port Connectivity
 Prime Minister’ Gram Sadsak Yojana
 Road Safety
Railways and Civil Aviation
 New Railway lines @ 7 Km per day to 19 Km per day
by 2022
 100 % electrification
 Avg Speed at least 80 Km per Hour
 Railway safety
 Increase cargo traffic by at least 20 %

 Air travel affordability. (Hawai Chappals in

Hawaijahaj)
 Double cargo by air.
Water Resources
 Water Availability
 Efficient Irrigation
 Clean Rivers
 Policy reform on water costing- a valuable
resource
 Recharge and RWH
Education and Skill
 100 % literacy
 Equitable participation
 Vocational an entrepreneurship training
 World Class higher education
 Regular QIP
 Skill development
Other Areas
 Ports, Harbors and Inland Waterways- Efficient transport,
cargo movement efficiency
 Digital Connectivity- Efficient communication and
efficient outputs
 Smart Cities.ms
 Legal Policy Reforms
 Land Reforms
 Civil Services Reforms
 Nutrition and health
Sustainable Environment.
 Reduce Dust Pollution across the country ??
 Increase RE production
 Use crop residue and reduce burning
 LPG to all houses
 Implement SWM Rule 2016 effectively
 Namami Gange
 Increase forest cover to >33 %
 Increase Farm Forestry.
THANKS