Key Take Aways:
- The economic growth of a country has to follow decentralized planning and it should be in-scripted at the development of grass root level.
- India will see huge development in the field of road connectivity.
- Efforts of government to promote MSMEs under the ‘Make in India’ and AatmaNirbhar Bharat campaigns and other similar policy support initiatives were highlighted.
- ‘AatmaNirbhar Bharat’ has created a strong base for expanding manufacturing activities and building a thrust for industrial revolution 4.0.
- India can cut down on its import bill on the purchase petrol and diesel which is as high as Rs 12 lakh crore.
- The logistics cost through the waterways is just 10 percent of the cost compared to the road and railways.
- Liquefied Natural Gas (LNG) bio-fuel, and green hydrogen are the future of Indian industries for reducing the cost of logistics and power as well as provide more strength to AatmaNirbhar Bharat.
- Crop pattern should be changed as this will increase the income of our farmers and also increase the industrial participation for developing new avenues of employment.
- India is producing around 85% of Lithium batteries and working aggressively for promoting electric vehicles in the country.
- India is moving in the right direction when it comes to indigenized manufacturing in Defence sector as MSMEs and start-ups are coming up to manufacture the defence equipment and tools.
- India is poised to become a US$ 5 trillion economy by 2026 and a US$ 10 trillion economy by 2032-33.
- Focusing on climate smart agriculture, promoting food processing at a larger scale.
- The need to focus on the climate change aspect, attracting middle sized companies, enhancing plug-n-play infrastructure, and facilitating intellectual property (IP) registrations.
- Focus is required on capitalizing the growth momentum in manufacturing sector, enhancing healthcare industry, and identifying sectors of promising growth.
- Need of sharing the best practices and capacity development among the States to amplify ease of doing business and accelerate the overall economic momentum.
- The Government has undertaken several major policies and programmes for promoting social and economic empowerment of women such as Beti Bachao Beti Padhao, Rashtriya Mahila Kosh, One Stop Centre, Ujjawala, Sukanya Samriddhi Yojna, and many more.
- For the first time through the Swamitva Yojana, the government used drone technology to ascertain digital land records.
- Through PMG Disha, 2 crore women were made digitally literate.
- The air cargo sector boomed as it carried life-saving medicines and vaccination to different countries during the pandemic.
- Despite being adversely affected by the outbreak of the pandemic, significant sectors of the economy such as Healthcare, E-retail, Financial and Banking and Information Technology, continued doing reasonably well.
- There is a huge gap in the infrastructure health care system. So, there is need for strong technological intervention in the building resilient infrastructure for inclusive growth.
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