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Unveiling ‘Punjab Vision Document-2047’, Punjab Chief Minister Bhagwant Mann on Tuesday described it as a roadmap for a progressive and prosperous state.
Mann, releasing the document in a simple but impressive function at his office, underlined the urgent need to rejuvenate the state’s economy and fiscal health. “This document envisages holistic development of the state when India completes its 100th year of independence. This document consists of nine departmentalized sections and 16 socio-economic indicator-based sub-sections focusing on the current status, major challenges that the State is facing and envisages short-term and long-term strategies to overcome these challenges,” he said.
The Chief Minister said that as per the document, a rate of growth of the economy at 7.5 per cent per annum by 2030 and 10 per cent by 2047 will be achieved. “The document also aims at bringing the investment-GSDP ratio to 25 per cent by 2030 and restoring the investment-GSDP ratio of Punjab to 32 per cent by 2047 by improving the investment climate in the State and initiating the economic governance reforms for time-bound and hassle-free clearance of industrial projects,” he said.
Likewise, Mann said that the service sector or sunrise services like information technology-enabled services (ITES), including BPO, online education, social media and entertainment will be developed and the application of digital technologies in the service sector will also be incentivized.
The Chief Minister said that the generation of decent jobs by boosting investment in all sectors and building a synergy between industry and educational institutions to improve employability and startup ecosystems will also be ensured through this document.
Asserting that for improving fiscal health, he said that a suitable strategy is prudent fiscal management. Targets and strategies for different identified sectors have been framed keeping in mind the requirements of the State, he added.
The Chief Minister said that the core sectors include economy, finances, industry, employment, agriculture, rural development, sustainable cities and communities, infrastructure, inclusive and equitable education, health infrastructure and provisioning, achieving gender equality, natural resources, affordable and clean energy, climate action and natural resource conservation, technological advancements, governance, safety and security and intelligent traffic management system.
“These targets will be achieved with the aim to remove geographical and social disparities,” he said adding that this vision document aims at converging efforts of different administrative departments and agencies to achieve identified targets.