If I Were The Prime Minister of India, Long term changes in India Government policy to boost economy
AIM: USD 10 trillion Economy by 2030
Women Empowerment & Women Safety: No Income tax on additional 2 Lakhs above normal Income tax range.
E-voting เคฏा เคเคงाเคฐ เคตेเคฐเคฐเคซिเคेเคถเคจ voting เคธे เคธเคฐเคाเคฐ เคे เคुเคจाเคต เคा เคเคाा เคฌเคेเคा। - เคญ्เคฐเคท्เคाเคाเคฐ
เคเคค्เคฎ เคเคฐเคจे เคा เคฌเคกे เคฌเคกे เคตाเคฆे เคเคฐเคจे เคตाเคฒी เคธเคฐเคाเคฐे। เคฎेเคฐे เคฆेเคถ เคा เคชैเคธा เคฎेเคนเคจเคค เคा
เคนै। เคเคฌ เคฎเคจ्เคฆ्เคฐिเคा เคฎें िเคी เคฒोเค เคฎเคฎเคฒे, เคธ्เคूเคฒ เคฎें िเคी เคीเคเคฐ เคนเคे เคเคงाเคฐ เคฎเคฒเคซिंเคिंเค
เคธे เคคो เค्เคฏो เคจ เคตोเคเคฐ id เคธे เคญी เคเคงाเคฐ เคो เคोเคก เคฒोเคเคคिंเคค्เคฐ เคो เคฌเคाเคฏा เคाเค, E voting
เคธे เคฆेเคถ เคा 1000 cr เคฌเคेเคा เคเคงाเคฐ เคो เคฌैंเค เคธे เคोเคกा, เคฐाเคถเคจ เคธे เคोเคกा, เคैเคธ เคธเคฌ्เคธीเคกी
เคธे เคोเคกा, pan เคธे เคोเคกा।
Education: Immediate attention is education-make education compulsory and free for all up to higher secondary
stages. The system of education will be recast to make it job-oriented.
เคถिเค्เคทा เคต्เคฏเคตเคธ्เคฅा เคเคฐीเคฌी เคธे เคฒเฅเคจे เคा เคเคงाเคฐ। -US$ 225 Billion market potential development in Education sector in India
Technology driven Systems -Online Education
Possibility of approximate 5 lakhs + job boost due to this initiative
Possibility of approximate 5 lakhs + job boost due to this initiative
- SWAYAM PRABHA DTH channels to
support and reach those who do not have access to the internet. 3
channels were already earmarked for school education; now another 12
channels to be added.
- 200 new textbooks added to e-Paathshaala
- DIKSHA platform
Improvement Area Education Reform:
PROMOTION OF INFORMATION AND COMMUNICATION TECHNOLOGY SYSTEMS IN SCHOOL AND ADULT EDUCATION
You Tube/ Microsoft / Google can bring revolution in Education Sector
1. To increase the free education program – education
for every one- You tube or Microsoft can bring videos related to their
education course like maths, science at all level from class 1 to 12 or
higher, technological video like engineering maintenance of automobile,
power plant etc. in number of fields.
2. Competitive environment creation for Social
responsibility of Individual/ Schools/ Colleges and They should have
target to publish the open video content on You Tube about education
/Subject / technology/ Class room material-notes
All India Radio / DTH can bring in education channels
1. HRD Ministry to play important role in this area. To reach to
everyone - Telecast / DTH providers can help in this subject to promote
education. DD channel could be a good point to start. If government
gives some special tax benefits then lot of private DTH providers and
private parties also comes in front.
2. For Microsoft itself this is really good opportunity to promote
“Bing” by investing in education program. Quality of service will help
them to connect with all internet users, mobile users, also they can
bring live education channel through DTH.
Zero Tax Policy for next 5 Years - No Direct tax on income - GST Rate reduce 18% to 2% only
Trade Free Policy in India
EASE OF DOING BUSINESS
Policy needed for zero tax at least for first 5 years for newly start business may
be one time 5 years zero tax benefit to new startup or company
established in India linked with aadhar and pan card. this will boost
new startup, jobs in market also only single A4 size page online
registration to start business / getting GST Number/opening current
account/ PAN registration / and uploading supporting document should be
linked with digilock. and aadhaar to avoid too much process and
corruption in startup registration process. No agent needed, no
physically visiting the different offices, no CA needed process should
be so simple, no tax scrutiny.
Revamping of Railway Stations- Railway Mall Concept- (5 Lakhs
Caror) Potential lease Income
Potential lease Income for
railway for this change approximate 500000 Caror
(5 Lakhs Caror)
1. All railway station should be
like small mall all facility should be available like movie, food
cloth, maybe they can restrict /separate the way to go inside the real rail
platform to maintain the security. Government will get a lot for
income on lease concept and taxes. Public will get a healthy
environment and services.
2. Modernization of railway platform & stations
like metro rail station.
3. Under its renovation and upgradation plan, the
Railways are successful in installing state of the art amenities, which include
elevators, a modern passenger announcement system, posh waiting rooms with
airport-like entry and exit systems, shopping complexes, and installing about 5
lakh CCTV systems on all major stations.
2000 Caror Potential Income from advertisement to Indian railway
Advertisement on rail coaches, station and all platforms
1. Advertisement on rail coaches inside &
outside. The frame needs to be established.
2. Advertisement on the railway
station and all platforms. Ex. Hotels & tourist places, education, food
chain, insurance etc.
5000 Caror Potential expenses saving by adopting Solar energy as
alternative source of energy
Solar Panels to a reduced
alternative source of energy and reduce power dependency for saving the
government money
India now has a railway
station that’s fully powered by solar energy
Guwahati Railway station
is first in Northeast to run completely on solar power
Railway Launches First Train With Solar Power at Safdarjung Station, New Delhi
5000 Caror Potential Income from telecom , Internet companies to
Indian railway via Lease concept.
1. Increasing the competition in mobile /
telecom/internet in each platform of the station, all service provider need to
be invited to establish their setup for increasing quality of service in public
benefit. Govt. income increase from a lease on these services.
2. Free internet in railway train & platform.
3. big companies like JIO, Airtel, google ,
microsoft, oracle, SAP need to invited for innovative solution.
10000 Caror Potential Income from food chain, Catering service
companies to Indian railway via Lease concept or Profit sharing concept.
1. Increasing the competition in food chain and
restaurant inside the platform or railway station- all big food chain supplier
need to be invited like Tata, Birla, Reliance, Haldiram, Agarwal sweets,
Nestle, Mahindra, Pepsi, IRCTC, many more dedicated Indian companies for India
economy growth. To reduce black money all transaction should be barcoded or
computerize with pan/tin Number ,barcode or QR code associated in all food
corners.
2. The ratio of food chain corners at least 8-10
per platform.
5000 Caror Potential Income from Tourism to Indian railway
via Premium Train for tourist only Lease concept or Profit sharing concept.
1. To increase the tourist special coach for NRI,
outside country people, ticket should be always available.o promote
tourist places in train way. International standard
should be follow in these coaches.
2. Special trains for easy to reachable on tourist
places, complete package.
3. Holi places like Varanasi,
Haridwar, vashnavdevi , dwarka, maihar, ujjain...many more looking
for special dedicated trains and special rules for senior citizen above 55
years.
4. Tourist places like Tajmahal, Goa,
Manali, shimla, masouri, jaipur… many more looking for special
trains and extra coaches for gethe neral public .
Potential of 5 Lakhs caror FDI via IPO, Single time Bond
1. To increase the income for government body they
need to launch the IPO for establishing Railway mall, food chain, and alternate
2 extra rail track – one for goods and one for the public interest.
Make India a world power
Transparency in Taxation system
Tax Benefits Increase for Salaried
Employee -Old Tax Scheme
1.
Hike in Standard
Deduction: limit need to be increased to INR 1,00,000 in 2024
2.
Relief under Section
80C: Section 80C. The expenditure on life insurance premiums, tuition fees,
principal repayment of home loans have also substantially increased. Hence,
often, most of the individuals exhaust the limit of Rs 1.5 lakh.Increase in
Section 80C limit to 3 Lakhs
3.
Health Insurance: deductions are covered under Sections 80D, 80DD and 80DDB,
The maximum amount allowed for preventive health check-ups is Rs 5,000, which
is included in the overall limit of Rs 25,000, Section 80D limit should be
increased from Rs 25,000 to Rs 50,000 for individuals and from Rs 50,000 to at
least Rs 75,000 for senior citizens.
4. Enhance the
deduction limit for medical insurance premiums. Proposing an increase from
₹25,000 to ₹50,000 for individuals and from ₹50,000 to ₹75,000 for senior
citizens
5.
Tax exemption limit on savings accounts under
Section 80TTA - 10000 to 50000/-
6.
Homebuyers are anticipating increased tax
benefits in the upcoming budget. One key expectation is to elevate the current
Rs 2 lakh tax rebate on housing loan interest under Section 24 of the Income
Tax Act to a minimum of Rs 5 lakh.
7.
NPS limit 80CCD (1B) Employee contribution need
to increase from 50000 to 1 Lakhs
8.
NPS limit 80CCD (2B) Employeer Contribution need
to increase from 10% of basic to 20 % of Basic
As per new tax scheme: This will improve
the individual's buying power
1. Till 10
Lakh no direct tax
2. Above 10
lakhs Income flat 15% income tax
3.
Relief on personal income taxes. maximum tax
rate of 30 per cent be reduced to 15 %
Flat , This will improve the individual's buying power.
Budget for Farmers: Agri Industry, Farmer Bodies
Tax Benefits Increase for Small
Business.
1.
NPS option of professional/ Self employer need to
introduced till 5 lakhs annually max.
Tax Benefits Increase and Growth for
startup and Business.
1.
Zero Tax Policy for next 5 Years (Till
2030) - No Direct tax on income - GST Rate reduce 18% to 2% only
2.
Trade
Free Policy in India
Increasing transparency
Smart City - $1.5 Trillion Market Opportunity
Real Estate Sector -US$ 1 trillion potential market size in Real estate sector
US$ 1 trillion potential market size in Real estate sector -PMO Web base Hosting
Real Estate transparency
1.
เคกिเคฒीเคตเคฐी เคธंเคฌंเคงिเคค เคธเคฎเคฏ เคो เคฒेเคเคฐ เคฌिเคฒ्เคกเคฐ advance bank เคाเคฐेंเคी เคฆे।
2.
เคคाเคि เคช्เคฐोเคेเค्เค เคกिเคฒे เคนोเคจे เคे เคेเคธ เคฎें เคฌैंเค เคธे เคชेเคจाเคฒ्เคी
buyer เคो เคฎिเคฒเคจा เคถुเคฐू เคนो เคाเค। เคिเคธी เคญी เคคเคฐเคน เคे
court เคेเคธ เคे เคเคจोเคธेंเค
buyer เคเคฐ investor เคो เคซाเคฒเคคू เคเค्เคเคฐ เคจ เคฒเคเคจा เคชเคกे।
เค
เคฅॉเคฐिเคी เคเคกเคตांเคธ เคฌैंเค เคाเคฐेंเคी เคฒे เคเคฐ เคंเคกीเคถเคจเคฒ
occupancy certificate เคฆे เคिเคธเคธे เคฌिเคฒ्เคกเคฐ เคे เคช्เคฐोเคेเค्เค เคฎें เคाเคฎ เคชूเคฐा เคเคฐเคจे เคे เคฒिเค เคฌैंเค เคชैเคธा เคฆे เคธเคे। เคซเคธे เคนुเค เคซ्เคฒैเค sell
purchase เคถुเคฐू เคนो เคाเค। 6 เคฎเคนीเคจे เคคเค เคซ्เคฒैเค sell
เคเคฐ เค्เคฐांเคธเคซเคฐ เคเคฐเคจा เคชॉเคธिเคฌเคฒ เคนो।
เคंเคกीเคถเคจเคฒ
occupancy certificate เคे เคฌेเคธ เคชเคฐ
maximum 1 เคธाเคฒ เคฎें เคฌुเคเคฐ เคฐเคिเคธ्เค्เคฐी เคเคฐाเค।
เคธเคฐเคाเคฐ เคญी เคเค เคเคฆเคฎ เคเคे เคฌเฅाเค।
3.
เคो เคญी เคเคฐ เคเคจे เคตाเคฒे เคเค เคธाเคฒ เคฎें เคฎिเคฒเคจे เคตाเคฒे เคนै เคเคจเคे เคฐเคिเคธ्เค्เคฐी เคฎें เคนोเคจे เคตाเคฒे stamp duty เคชเคฐ 1%เคी เค
เคคिเคฐिเค्เคค เคूเค เคฆे। เคो เคญी Buyer Stamp เคเคฐीเคฆเคเคฐ เคต เคซुเคฒ เคเคงाเคฐ เคต เคฌैंเค detail เคे เคธाเคฅ เค
เคจ्เคฏ online detail เคे เคธाเคฅ เคฐเคिเคธ्เค्เคฐी เคกेเคช्เคเคฐ्เคเคฎेंเค เคฎें เคเคฎा เคเคฐाเคจे เคชเคฐ OCCUPANCY เคธเคฐ्เคिเคซिเคेเค เคต เคเคฎ्เคชเคฒीเคถเคจ เคธเคฐ्เคिเคซिเคेเค เคฎिเคฒเคจे เคคเค 5 เคธे 6% เคा เคซिเค्เคธ्เคก เคกिเคชाเคिเค intrest pay เคเคฐे เคกाเคฏเคฐेเค्เค เคฌैंเค เคเคाเคंเค เคฎें।u
Single flat wise oc เคฆी เคाเค।
เคฌिเคฒ्เคกเคฐ्เคธ เคो เคฎोเคीเคตेเค เคเคฐเคจे เคे เคฒिเค เคเคฐ เคซ्เคฒैเค เคी เคกिเคฒीเคตเคฐी เฅाเคธ्เค เคเคฐเคจे เคे เคฒिเค
4.
เคเคจे เคตाเคฒे 3 เคธे 6 เคฎเคนीเคจे เคฎें เคซ्เคฒैเค เคกेเคฒिเคตเคฐ्เคก เคเคฐ เคฐเคिเคธ्เค्เคฐी เคเคฐเคตाเคจे เคชเคฐ เคฌिเคฒ्เคกเคฐ เคเคฐ buyer เคो 10%เคी income tax เคฎें เค
เคคिเคฐिเค्เคค เคूเค เคฆी เคाเค।
Reducing Corruption by technology
1.
เคช्เคฐोเคेเค्เค เคกिเคฒे เคนोเคจे เคे เคेเคธ เคฎें เคฌैंเค เคธे เคชेเคจाเคฒ्เคी buyer เคो เคฎिเคฒเคจा เคถुเคฐू เคนो เคाเค। เคिเคธी เคญी เคคเคฐเคน เคे court เคेเคธ เคे เคเคจोเคธेंเค buyer เคเคฐ investor เคो เคซाเคฒเคคू เคเค्เคเคฐ เคจ เคฒเคเคจा เคชเคกे।
2.
Advance Bank
Guarantee: Builders should provide an advance bank guarantee could be a
mechanism to instill confidence in buyers and ensure the completion of
projects.
3.
Transparency
Solutions: The emphasis on transparency is crucial in preventing corruption and
ensuring fair practices. Implementing transparent processes, documentation, and
transactions can build trust among stakeholders.
4.
Combating Corruption:
Tackle corruption by promoting transparency. promoting transparency to mitigate
corruption risks. incentivizing timely transactions, ensuring accountability
Bossing Industries growth by reducing
taxes and providing tax benefits
1.
GST rate
cut from 18% to 5%
2.
Stamp
Duty Discount: A 1% additional discount on stamp duty for registrations
completed within 6 months could serve as an incentive for timely property
transactions.
Income Tax Benefits: Both builders and buyers receiving a 10% income tax
discount for property transactions completed within 6 months could further
encourage prompt real estate dealings.
เค
เคฅॉเคฐिเคी เคเคกเคตांเคธ เคฌैंเค เคाเคฐेंเคी เคฒे เคเคฐ เคंเคกीเคถเคจเคฒ occupancy
certificate เคฆे เคिเคธเคธे เคฌिเคฒ्เคกเคฐ เคे เคช्เคฐोเคेเค्เค เคฎें เคाเคฎ เคชूเคฐा เคเคฐเคจे เคे เคฒिเค เคฌैंเค เคชैเคธा เคฆे เคธเคे। เคซเคธे เคนुเค เคซ्เคฒैเค sell purchase เคถुเคฐू เคนो เคाเค। 6 เคฎเคนीเคจे เคคเค เคซ्เคฒैเค sell เคเคฐ เค्เคฐांเคธเคซเคฐ เคเคฐเคจा เคชॉเคธिเคฌเคฒ เคนो।
Reducing scope of double taxation
LTA (Leave
Travel Allowance)
Announcement of tax
benefits on LTA (Leave Travel Allowance) every year, benefits need to include
Hotel Stay, travel by Train, bus, taxi, airplane, Meal at hotel, restaurant
food( where ever GST bill available to avoid double taxation on same
amount) LTA benefit need to increase up
to 200000 lakhs max per family per year. Or 20% of CTC
Increasing Employment:
IPL เคी เคคเคฐเคน เคธเคญी MNC เคฎें เฅจเฅฆ% Foreign employee เคนोเคจे เคธे เคนी เคธเคนी เคคाเคฒเคฎेเคฒ เคฌैเค ेเคा เคเคฐ เคฐिเคฏเคฒ เคฒेเคตเคฒ เคฎें เคंเคกिเคฏा เคฎें เคंเคीเคจिเคฏเคฐिंเค เคนเคฌ, เคฎैเคจ्เคฏुเคซैเค्เคเคฐिंเค เคนเคฌ เคฌเคจ เคชाเคเคा। เฅจเฅฆ% Foreign employee เคी เคถเคฐ्เคค เคธเคญी MNC เคชเคฐ เคชाเคฒिเคธी เคฒेเคตเคฒ เคชเคฐ เคฒाเคू เคนोเคจी เคाเคนिเค เคเคนाँ เคธเคญी MNC เฅจเฅฆ% เคเคฎ्เคช्เคฒोเคฏी เคंเคกिเคฏा เคเคฐ other เคฒोเคेเคถเคจ เคชเคฐ เคंเคกिเคฏเคจ เคे เคธाเคฅ เคเค्เคธเคेंเค เคเคฐेเคी เคคाเคि เคธเคนी เคฎाเคฏเคจे เคฎें เค्เคฐू เคชाเคฐ्เคเคจเคฐเคถिเคช เคกेเคตेเคฒोเคช เคนो เคชाเค
Government Revenue Increase
Real Estate Sector
1.
Circle rate increase
should be regular monthly automatic process – 2% above the SBI Base rate (~10%
annually) so that public will get benefit in Real estate investment, Circle
rate should not increase once in a five years for doubling prices to give
benefit to few real estate builders.
2.
Authenticated Circle
rate should be searchable on web portal government side and easy to available
for public.
3.
FAR should be
automatically increase 25% every 5 years to minimize unwanted court cases in
the name of violation and increasing government revenue for future and in the
same time stopping unwanted harassment and corruption at government
offices.
4.
Buyer Stamp เคเคฐीเคฆเคเคฐ เคต เคซुเคฒ เคเคงाเคฐ เคต เคฌैंเค detail เคे เคธाเคฅ เค
เคจ्เคฏ online detail เคे เคธाเคฅ เคฐเคिเคธ्เค्เคฐी เคกेเคช्เคเคฐ्เคเคฎेंเค เคฎें เคเคฎा เคเคฐाเคจे เคชเคฐ OCCUPANCY เคธเคฐ्เคिเคซिเคेเค เคต เคเคฎ्เคชเคฒीเคถเคจ เคธเคฐ्เคिเคซिเคेเค เคฎिเคฒเคจे เคคเค 5 เคธे 6% เคा เคซिเค्เคธ्เคก เคกिเคชाเคिเค intrest pay เคเคฐे เคกाเคฏเคฐेเค्เค เคฌैंเค เคเคाเคंเค เคฎें।
Uplift moral standards
Industrialization makes a country prosperous
India lives in villages
Start agro-based industries to make agriculture attractive. Fix the minimum profit for the factory owners.
E-commerce เคธेเค्เคเคฐ : Taxes reduce to only 2% in E-commerce sector
2025 เคคเค เคญाเคฐเคค เคा e-commerce เคธेเค्เคเคฐ 13.87เคฒाเค เคเคฐोเฅ เคा เคนो เคाเคเคा
Tourism in India accounts for 9.6 percent of the GDP-₹14.02 lakh crore (US$220 billion)
India ranks globally 3rd in Start-Up ecosystem and also in terms of number of UnicornsIndia Innovation and Patent Hub: Innovation and patent are big tool for India economy growth.
Roll-on, Roll-off Ferries and waterway transportation throughout the India-Scope of Foreign Direct Investment Intelligent
Transport Systems (ITS), and eco-friendly mobility -Connecting India
through National Highway - Business Potential In India-Potential
Investment of US$ 50-60 billion over the next five years
Connectivity India through Ropeways -National Ropeways Development Programme-Parvatmala scheme
Cemented Cycle way both the side of Road in all over India-5 lakhs caror FDI Opportunity in cement cycle way across India5
Lakh Carors FDI Investment opportunity- 2023 All over India underground
sewer line. Unique 16 digital identification to underground sewer line.
7 เคฒाเค เคเคฐोเฅ เคा เคตिเคถ्เคต เคिเคฒौเคจा เคเคฆ्เคฏोเค เคต เคญाเคฐเคคीเคฏ เคिเคฒौเคจों เคा เคฌाเคाเคฐ เคฒเคเคญเค 10000 เคเคฐोเฅ เคा เคนै
Aadhaar biometrics Linking with Voter Machine can brings lots of Transparency in India and save lots of government money
Promoting sports Body ICC & BCCI & Cricketer / Celebrities to run social drive as Social responsibility
Innovation and patent -big tool for India economy growth
Every shopping mall 1floor only for made in India items only.
The union budget 2024-25- The seven priorities- 7 pillars of saptarishi -
The union budget 2024-25
The
seven priorities are 7 pillars of saptarishi. These 7 priorities are
sustainable growth, financial sector, infrastructure & investment,
unleash potential, youth power, reach to last mile, and inclusive
development
Budget 2024 wish list
The Budget adopted "seven priorities"
- inclusive development, reaching the last mile, infrastructure and
investment, unleashing the potential, green growth, youth power and financial
sector - to guide India through the "Amrit Kaal"
The seven priorities-
7 pillars of saptarishi
Title: Long-term Changes in India's Government Policy to Boost the Economy
Introduction:
India's economy has undergone significant transformations over the years, and to sustain growth and development, the government has continually adapted its policies. Long-term changes in government policy are essential to provide stability, encourage investment, and foster economic growth. This article explores the long-term policy changes implemented by the Indian government to boost the economy.
1. Fiscal Policy Reforms:
- Fiscal Deficit Management: The government has focused on fiscal consolidation to reduce the fiscal deficit and maintain macroeconomic stability.
- Tax Reforms: Introduction of Goods and Services Tax (GST) to streamline indirect taxation and improve tax compliance.
- Public Expenditure: Rationalization of subsidies and redirecting public expenditure towards infrastructure development and social welfare programs.
2. Monetary Policy Reforms:
- Inflation Targeting: Adoption of inflation targeting framework by the Reserve Bank of India (RBI) to maintain price stability.
- Interest Rate Management: Flexible monetary policy to manage inflation while supporting economic growth.
- Financial Inclusion: Promoting financial inclusion through initiatives like Jan Dhan Yojana, Pradhan Mantri Mudra Yojana, and direct benefit transfers.
3. Structural Reforms:
- Goods and Services Tax (GST): Implementation of GST to create a unified national market and simplify the tax regime.
- Insolvency and Bankruptcy Code (IBC): Introduction of IBC to address the issue of non-performing assets and streamline the resolution process.
- Labor Reforms: Rationalization of labor laws to promote ease of doing business and attract investment.
4. Infrastructure Development:
- Investment in Infrastructure: Increased allocation for infrastructure development, including roads, railways, ports, and airports.
- Public-Private Partnerships (PPPs): Encouraging private sector participation in infrastructure projects through PPPs.
- Smart Cities Mission: Launch of the Smart Cities Mission to promote sustainable and inclusive urban development.
5. Industry and Trade Policies:
- Atmanirbhar Bharat Abhiyan: Promotion of self-reliance through initiatives like Make in India, Start-up India, and Digital India.
- Trade Facilitation: Simplification of trade procedures and reduction of trade barriers to promote exports and enhance competitiveness.
- Foreign Direct Investment (FDI): Liberalization of FDI norms to attract foreign investment and technology transfer.
6. Agriculture and Rural Development:
- Doubling Farmer Incomes: Implementation of policies to double farmer incomes by 2022 through higher MSPs, crop diversification, and agricultural reforms.
- Rural Infrastructure: Investment in rural infrastructure, irrigation facilities, and rural connectivity to boost agricultural productivity and rural incomes.
- National Rural Employment Guarantee Scheme (MGNREGS): Expansion of MGNREGS to provide employment and income support to rural households.
7. Social Sector Reforms:
- Healthcare: Ayushman Bharat scheme to provide health insurance coverage to vulnerable households and strengthen primary healthcare.
- Education: Initiatives like Samagra Shiksha Abhiyan, Skill India Mission, and National Education Policy to improve access to quality education and skill development.
- Social Security: Expansion of social security schemes like Pradhan Mantri Kisan Samman Nidhi, Pradhan Mantri Garib Kalyan Yojana, and National Social Assistance Program.
8. Digital Transformation:
- Digital Infrastructure: Expansion of digital infrastructure and broadband connectivity to promote digital inclusion and e-governance.
- Digital Payments: Promotion of digital payments and cashless transactions to reduce the informal economy and enhance transparency.
- Digital Literacy: Initiatives like Digital India and BharatNet to bridge the digital divide and promote digital literacy.
Conclusion:
India's long-term policy changes aimed at boosting the economy are crucial for achieving sustainable and inclusive growth. By focusing on fiscal consolidation, structural reforms, infrastructure development, industry promotion, social sector reforms, and digital transformation, the government is laying the foundation for a resilient and dynamic economy. However, the success of these policies depends on effective implementation, continuous monitoring, and adaptation to changing global and domestic realities. With the right policy framework and governance mechanisms, India can unleash its true economic potential and emerge as a global economic powerhouse.
