Prime Minister Narendra Modi’s Economic Advisory Council (EAC-PM) on Tuesday released the India@100 roadmap that aims to guide the country’s progress toward becoming a “higher-income nation” in the next 25 years.
The ‘Competitiveness Roadmap for India@100’ was released by Dr Bibek Debroy, Chairman EAC-PM, Amitabh Kant, Sherpa, G20, Sanjeev Sanyal, Member, EAC-PM, and Professor at Harvard Business School Christian Ketels.
The roadmap is a collaborative endeavour between the EAC-PM and The Institute for Competitiveness and is developed by Dr Amit Kapoor, Chair, Institute for Competitiveness ,Professor
Michael E. Porter and Dr Christian Ketels.
It envisions setting new guiding principles for the country’s growth journey over the following years and guiding different states, ministries and partners in India’s growth to develop sector-specific roadmaps for achieving targeted goals.
The Competitiveness approach puts forth the idea of productivity as a driver of sustained prosperity. It emphasizes the context that a nation is able to provide firms to be more productive and for individuals to be able to partake in the value generated through their productivity, said a government press statement.
Based on this approach, the India@100 roadmap guides the way for India to become a high-income country by 2047 through sector-specific and region-specific policies.
The roadmap sets out to give new guiding principles that are based on clearly defined overall goals and the articulation of a new development approach embedded in integrating social and economic agendas.
The ‘4 S’ guiding principles redefine our approach to attaining prosperity by stressing the need for prosperity growth to be matched by social progress, to be shared across all regions within India, to be environmentally sustainable, and to be solid in the face of external shocks.
By capturing these four important aspects, the ‘4 S’ guiding principles pave the way for resilient and holistic development, said the statement.