Wednesday, February 19, 2014


Policy paradigm Highlights of BJP’s likely economic vision

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
Infra push
  • 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
Manufacturing
  • Reviving domestic manufacturing
  • Focus on telecom and defence equipment
FDI
  • The Indian economy can never be converted into an FDI-driven one
  • But party not against FDI, except in multi-brand retail
Reining in CAD
  • Rely more on import substitution than foreign inflow
  • To lower import dependence, go for indigenisation of defence equipment
Tax reforms
  • GST implementation road map on priority

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