Niti Aayog suggests 300 action points to accelerate the Indian Economy

The 300 action points formed part of a presentation made by Niti Aayog vice-chairman Arvind Panagariya on Sunday. Photo: Pradeep Gaur/Mint

The 300 action points formed part of a presentation made by Niti Aayog vice-chairman Arvind Panagariya on Sunday.

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Niti Aayog vice-chairman Arvind Panagariya  presented a draft of the three-year action agenda for the nation’s development at the planning body’s Governing Council meeting.

There were over 300 specific action points that had been identified, covering a whole gamut of sectors. The period of the ‘action agenda’ coincides with the period of the 14th Finance Commission’s award and will give stability to the funding estimates of both the centre and states.

15-year long-term vision:

The action points are part of the presentation on a 15-year long-term vision accompanied by a 7-year strategy and a 3-year action agenda. The 15-year vision document pegs the Indian economy’s growth from Rs 137 lakh crore in 2015-16 to Rs 469 lakh crore by 2031-32 at 2015-16 prices.
This projection is based on growth estimate of 8 per cent per annum. The three-year agenda has been divided into seven parts, with each part having a number of specific action points.

The three-year agenda- seven parts:

  • In part one, a revenue and expenditure exercise is undertaken to illustrate how we can begin to shift our expenditure based on set priorities within a three-year period — like increasing expenditure on health, infrastructure, agriculture, and rural economy.
    The subsequent parts deal with major sectors, growth enablers, governance, social sectors and sustainable development.
  • Part two deals with agriculture, industry and services.
  • Part three with transport connectivity, digital connectivity, public private partnership, energy, and science and technology.
  • Part four focuses on innovation and entrepreneurship;
  • Part five on governance, tax policy and administration, rule of law, and pro-competition policies and regulations.
  • Part six deals with health, education and building an inclusive society; and part seven on environment and forests, and sustainable management of water resources.

About NITI Aayog:download (3)

NITI Aayog’ or the National Institution for Transforming India is a Government of India policy think-tank established by the Narendra Modi government to replace the Planning Commission which followed the top-down model.

The stated aim for NITI Aayog’s creation is to foster involvement and participation in the economic policy-making process by the State Governments of India.

The emphasis is on bottom-up approach and to make the country to move towards cooperative federalism .

The Union Government of India announced the formation of NITI Aayog on 1 January 2015, and the first meeting was held on 8 February 2015.

Composition:

With Prime Minister Narendra Modi as the Chairperson, the committee consists of

  1. Vice Chairperson: Arvind Panagariya
  2. Ex-Officio Members: Rajnath Singh, Arun Jaitley, Suresh Prabhuand Radha Mohan Singh
  3. Full-time Members: Bibek Debroy(Economist),  K. Saraswat (former DRDO Chief) and Ramesh Chand (Agriculture Expert)
  4. Chief Executive Officer: Amitabh Kant
  5. Governing Council: All Chief Ministersand Lieutenant Governors of States and Union Territories
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