Ambitious Target of Making India Great

THE ROAD MAP FOR MAKING INDIA GREAT: WHERE IS THE THEORY OF CHANGE, ARTICULATING THE VARIOUS CASUAL LINKS ?

1. Ambitious Target $5 Trillion Economy.

2. Make in India special emphasis on MSME.

3. Internationalization of Rupee.

4. Doubling Farm Income, Agriculture Insurance, Income support (PM-KISAN)

Considering Fiscal Status of India, Road Map suggested by Prof. Anand Gupta, Former Professor, IIMA

1. Net Tax Revenue dropped to 6.99%(2018-19) from 7.28%(2017-18). It lagged behind the growth in India's GDP.

2. Privatization of Public Enterprises: Disinvestment of PSU to raise more resources.

Least Efficient use of our own Capital.

3. Raising Fiscal Deficit Target by 3% more than now with condition that improved Public Finance Management.

Public spending & Macro-economic situation is not linear. Putting Public Money in,

(i) Public Goods with Positive Externalities.

(ii) Private Goods to certain people on Equity ground.

4. Improving the Accuracy, Credibility, Currentness of DATA such as Growth, Fiscal Deficit, etc

5. Promote domestic manufacturing by removing the cost disadvantages (eg. Higher Freight charge, Power tariff etc)

6. Transforming India's Higher Education 

7. Correcting the failure of UDAY (Ujjwal DISCOM Assurance Yojana 2015) to improve operational and financial efficiency of state power distribution companies.

Problem of Power theft, Man-oeuvre of equipment, under reporting and lack of stringent action. Linking Theory of Change to the causal factors.

8. Swachch Bharat Abhiyan (9.6 Cr Toilets since October 2014 - ensuring Open Defecation Free) - Reduce Deaths due to diarrhoea, malaria, Improve child health and Nutrition. 

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Think about it:
1. Possibility for India to achieve $5 Trillion Economy target?
2. Ethics in Governance and Ethics of Governance. Which is wider?
3. Aligning Self-Interest of Policy Maker with that of Interest of the Nation.