The Economic Advisory Council to Prime Minister, led by Bibek Debroy, released the ‘Competitiveness Roadmap for India@100,’ a blueprint for the country’s journey towards its centennial year on Tuesday.
The document has been prepared jointly with the Institute for Competitiveness which is part of the global network of the Institute for Strategy and Competitiveness at Harvard Business School.
The document has been released in the presence of Council Chairman Bibek Debroy, G-20 Sherpa Amitabh Kant, and Council member Sanjeev Sanyal.
"Prime Minister charged us to think about next 25 years. No policy that is decided today will last for the next 25 years. But if we manage to affect their thinking about India's competitiveness and what it takes for this country to grow. Then actually I think we have the opportunity to have an impact for many years into the future," Dr Christian Ketels from Harvard Business School said.
"India is a huge economy...growing quite well, but the size of the prosperity is small...The PM has given us the task to improve the prosperity and productivity," he further said.
What Does The Document Highlights?
The document aims to identify the steps required to realise the vast potential of the nation, the government said in a statement.
The road map outlines how India may increase its income by 2047. According to the release, the blueprint also provide policy objectives, guiding principles, and methodology to steer India's economy toward sustainability and resilience, rooted in social advancement and shared prosperity.
Additionally, it will pave the way for projects built on India's current economic situation and competitive advantages. Building on previous changes, it discusses the activities India should prioritise right away and how it should be structured to efficiently deliver them, according to the statement.
The competitiveness strategy should be the cornerstone of India's economic and social policies, according to the text, in order to promote growth and sustain it over the long term.