New India 75 NITI Aayog Document Summary

Context

Strategy for New India @75’ document
  • The government think tank NitiAayog has unveiled the Strategy for New India @ 75.
  • This comprehensive national strategy defines clear objectives for 2022-23.
  • The strategy provides for a detailed exposition across forty-one crucial areas.
  • Together with the progress already made, the strategy identifies binding constraints, and suggests the way forward for achieving the clearly stated objectives.
  • The strategy was prepared through wide consultations with all three groups of stakeholders, viz., business persons, academics including scientists, and government officials.

Basic economic data of India

  • Investment rate as measured by gross fixed capital formation (GFCF) is 29 percent.
  • Exports of goods and services combined is USD 478 billion in 2017-18
  • Agriculture employed nearly 49 per cent while contributing only 15 per cent of the GVA.
  • The industrial sector registered a compound annual growth rate (CAGR) of around 7.7 per cent between 2012-13 and 2017-18.
  • Close to 53 per cent of cropped area is water stressed.
  • According to World Bank data, in 2014, 53 per cent of adults had a bank account. This increased to 80 per cent in 2017,
Location: Thiruvananthapuram, Kerala, India

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