Industry @75 (Yojana 2021) (Download PDF)

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Industry@75

  • India has doubled its GDP to nearly $ 3 trillion within a decade.
  • At present India is world՚s sixth-largest economy.
  • Expected to touch the USD 5 trillion mark in the coming years.
  • To progress as a key economic engine in Asia.
  • Inauguration of Parliament Building on December 10,2020.
  • Creating a new India by 2022 (Self-reliant India) .
  • Minimum Government and Maximum Governance model and the concept of cooperative federalism.
  • The startup culture in India has seen a massive growth with more than 40,000 startups recognized till December 2020 by the Department of Promotion of Industry and Internal Trade (DPIIT) under Start-Up India scheme launched in 2016.

India՚s Ease of Doing Business (EoDB)

  • According to World Bank Ease of Doing Business Report 2020 India՚s rank is 63rd among 190 countries.
  • A jump of 79 positions from 142nd in 2014 to 63rd in 2019.
  • In terms of construction permit, India՚s ranking has improved from 184 in 2014 to 27 in 2019.
  • Ranking has also improved from 137 in 2014 to 22 in 2019.

Foreign Direct Investment (FDI)

  • Inflows between April 2014 September 2019 stood at $ 319 bn which is nearly 50 % of FDI inflow in the last 20 years.
  • During FY 2020 - 21, the total FDI inflow of $ 35.73 billion, the highest ever for the first five months of a financial year.
  • 100 % FDI has been approved by the govt. through the automatic route in coal mining.
  • 100 % FDI through automatic through the direct route in contract manufacturing.
  • 74 % through automatic route in the Defense sector.
  • FDI is expected to reach $ 100 billion inflow per annum by 2022.

Digital India Campaign

  • Launched in 2015.
  • Ensured the creation of a digitally empowered society and knowledge economy.
  • Development of broadband highways.
  • Universal access to mobile connectivity.
  • Public internet access programmes.

e-Governance with:

  • Aadhaar
  • Smart Cities Mission
  • BHIM UPI
  • RuPay
  • GSTIN
  • GeM (Government e-Marketplace)

Digi Locker coming under the aegis of the Digital India programme.

India՚s Global Stature

  • Has improved considerably.
  • Recent election as Chair of the World Health Organization՚s Executive Board in May 2020.
  • Being elected as a non-permanent member of the UNSC for a two-year term in June 2020.

National Institution for Transforming India (NITI Aayog)

  • A big role in tackling development challenges through policy advocacy.
  • 115 districts have been identified across the nation as aspirational districts.
  • Being ranked based on progress being made (delta ranking) on a real-time basis based on 49 indicators from the 5 identified thematic areas:
    • Health & Nutrition
    • Education
    • Agriculture & Water Resources
    • Financial Inclusion & Skill Development
    • Basic Infrastructure
  • In Dec 2019, second edition of the SDG India index was released and an online dashboard to track the progress on 17 SDGs of all the States and UTs on a set of 100 National indicators.
  • Considerable progress in SDG 6:
    • Clean water and sanitation.
    • Construction of over 11 crore toilets to become ODF in 5 years through Swachh Bharat Abhiyan launched in 2014.

Other Initiatives

  • 2.5-gram panchayats are being connected by a fiber-optic network.
  • 1,48, 000 connections have been achieved so far.
  • India՚s Aadhaar has become world՚s largest biometric database with almost 125 crore Aadhaar cards being issued so far.
  • Schemes like Jan Dhan Yojana launched in 2014 by the government, 41.38 crore beneficiaries have banked so far with ₹ 130,932, 33 crore balance in beneficiary accounts.
  • Mudra loan scheme launched in 2015 by providing credit up to 10 lakhs to non-farming and noncorporate micro and small enterprises (last mile financer to lend credit to all types of businesses in the country) .
  • Pradhan Mantri Kisan Samman Nidhi Yojana launched in 2019 is providing ₹ 6,000 per year as minimum income support to all farmers.

Recent Agriculture Sector Reforms:

  • Facilitate farmers
  • Provide new markets
  • Technology advantages
  • Help bring investments
  • Double income by 2022

Changes

Union Minister for Commerce and Industry between 2017 to 2019

New Industrial Policy

Proposed and finalized the policy through Nation-wide consultations with various stakeholders.

Boosting Domestic Manufacturing
  • At the district level.
  • To achieve USD 5 trillion economy.
Trade Promotion
  • Taking steps towards a more focused approach towards export promotion.
  • Pivoting multilateralism on India.
  • Investment Promotion
  • Technology and Innovation
  • Boosting the Start-up ecosystem
  • Forward looking Policy Making
Union Minister for Civil and Aviation between 2017 to 2019
Policy Making
  • Released India՚s first ever national Air Cargo Policy.
  • Maintenance.
  • Repair and Overhaul (MRO) Policy.
  • National Green Aviation.
  • Policy and Drone Policy.
Promotion of the Aviation Industry
  • Drove the implementation of regional connectivity scheme or UDAN.
  • More than 12 lakh passengers flown under UDAN till 31st January 2019.
  • 69 unserved airports, 31 helicopters and 6 water drones were awarded in 28 months.
  • Facilitating the implementation of setting up water aerodromes across five states in the country.
Union Minister for Railways between 2014 to 2017
Customer Focus
  • Less responsive towards customers historically.
  • Approach of Indian Railways changed from “Passengers” to “Customers.”
Planning and Investment
  • Effected a paradigm shift in Railways project.
  • Financing by leveraging Extra Budgetary Resources including various innovative measures.
Infrastructure Creation
  • Led Railways to achieve a quantum jump in infrastructure creation.
  • Spending and improving connectivity.
Sustainability

Effectively made sustainability an integral part of Railways strategy.

Governance and Transparency
  • Staunch advocate for transparency.
  • Leveraged technology.
  • Delegation to improve governance in Railways.
CDF (Cooperative Development Forum)
  • Seven cooperative leaders.
  • Work towards promoting cooperative movement in the country.
  • Boost the rural economy.
The India Bamboo Forum (IBF)
  • A voluntary group of 55 committed leaders in the bamboo sector.
  • Promotion of entrepreneurship, research, trade of high-quality bamboo products in a sustainable manner.

- Published/Last Modified on: May 11, 2021

Agriculture/Agro Industries, Govt. Schemes/Projects, Yojana, Railways

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