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Niti Aayog hopes over 8% growth in 2-3 years

Niti Aayog

August 25, 2017: India has good prospects of achieving over eight per cent growth within two to three years and the chances of massive cut in the poverty rate in the upcoming decade are excellent.

This was stated by in its three Year Action Agenda unveiled yesterday. It has come out with a detailed plan for reforms in the economy, judiciary, regulatory structure and social sectors in the document.

The Action agenda proposes linking central government expenditure to future priorities, shifting additional allocations to high-priority sectors which are more likely to promote development. The Aayog has suggested ways to facilitate urbanization in the country and deal with key challenges like affordable housing, infrastructure development, pubic transport and promotion of .

It also suggested host of actions to eliminate corruption and black money, and increase tax base besides recommending reforms in civil services and electoral process.

On the social sector, it talked of changes in segments like education, , health and issues facing specific groups, such as scheduled castes, scheduled tribes
and women.

The Aayog has also backed use of genetically modified (GM) seeds in India saying concerns of the technology being monopolised by MNCs can be addressed through allowing only locally developed varieties. It also outlined various measures like MSP reform and better marketing infrastructure to be adopted for doubling of farmers’ income. (AIR News)

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