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Vision India @2047 UPSC NOTE

 

  • In early 2024, PM Narendra Modi is expected to unveil a road map to transform the country.

  • India as  a developed nation with a $30 trillion economy by the time it completes 100 years of Independence. 

  • The Vision India@2047 plan, as it is officially named. 

  • The works for nearly two years with officials across ministries brainstorming on how to take the country from its current level of development to where it aspires to be. 

  • The NITI Aayog, in the process of giving this vision document a final shape.

 

  • Its central ideas and goals comes from  top minds across sectors, including World Bank President Ajay Banga, Apple chief Tim Cook, as well as Indian industrialists and leaders.

  • Coming ahead of the Lok Sabha election, the plan may well be viewed as the government’s policy playbook promise for prospective voters. 

  • But irrespective of electoral outcomes, future governments would do well to keep an earnest outlook towards the broad agenda. 

  • India’s rise from 1991, when it accounted for 1.1%. 

  • Now the global economic output, to the 3.5%. 

 

  • Now commands as the world’s 5th  largest economy.

  • Its driven by governments of varying political hues largely sticking to the reform and liberalisation agenda. 

  • Blips in the pace and vigour of reforms have also been visible across governments, including the present coalition-independent regime. 

  • Especially on the trickier changes needed in factor markets such as land and labour.

  • The final plan should have some ideas to help navigate such challenging reforms and ensure policy certainty for global investors.

 

  • Minimizing the government’s role to that of an enabler rather than a micro-manager.

  • A stated focus area of the vision document that splices its action points and outcome goals into two periods .

  •  2030 and the 17 year-period from then till 2047.

  • This will ensure India does not slip into a middle income trap a few years from now. 

  • That requires hastening the long-pursued structural shift in the economy from farms to factories, and arresting a widening trend of income inequality. 

  • While the Five-Year Plans have been abandoned, the 2047 plan must be revisited at suitable intervals.

  • This is to recalibrate goals based on evolving global trends and Black Swan events

  • Aiming for a high 9% growth rate between 2030 and 2047 is laudable but factoring in alternative scenarios and changing course when warranted, is also advisable. 

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Vision India @2047 UPSC NOTE
Vision India @2047 UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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