Wednesday, February 19, 2014
Policy paradigm Highlights of BJP’s likely economic vision
Welfare schemes
Welfare schemes
- Remodel plans like NREGS on the lines of the Pradhan Mantri Grameen Sadak Yojana
- Shift in focus from distribution of doles to asset creation, production boost and skill development
- Focus on public investment in agriculture infrastructure
- Working on a formula to ensure 50% return on investment for farmers
- Creating smart cities; IITs, IIMs and AIIMS in all states; bullet trains; interlinking of rivers
- Reviving domestic manufacturing
- Focus on telecom and defence equipment
- The Indian economy can never be converted into an FDI-driven one
- But party not against FDI, except in multi-brand retail
- Rely more on import substitution than foreign inflow
- To lower import dependence, go for indigenisation of defence equipment
- GST implementation road map on priority