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03/09/22 05:39 AM IST

Competitiveness Roadmap for India@100

In News 
  • Economic advisory council to PM and Institute for competitiveness has released “Roadmap for Better Growth- India @100”, to enable India to become a high-income country by 2047.
Major Findings 
  • The inequality in India has increased sharply since 2000 in contrast with most other countries in the world.
  • India has scored low marks in almost all social progress categories for nourishment, education, gender equality, and healthcare.
Solutions 
  • Structural Transformation 2.0: Creating new jobs using sector-specific and region-specific initiatives (e.g. PLI for different sectors, Mega food parks for different regions)
  • Convergence of programs and initiatives (including public-private participation)
  • Reduce social and institutional barriers for citizens (g. reducing discrimination in jobs, increasing safety for women, ease travelling experiences e.g. women given free transport in Delhi DTC buses)
  • Enable competition in the market (e.g. greater competition in e-commerce is profitable for citizens)
4S Principle 
  • Shared Prosperity: Opportunities should be shared across every section of society
  • Social Prosperity: i.e. Economic Growth should match social development
  • Sustainable Prosperity: i.e. economic progress should be environmentally sustainable
  • Solid Prosperity: Economic system should be resilient to shocks
Source- Business Standard 

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