Niti Aayog to come out with 3-year plan

Niti Aayog to come out with 3-year plan

The government’s policy think tank NITI Aayog has almost completed the preparation of three-year action plan, after deciding to do away with the Nehruvian era five-year plans.

The focus of the plan is on employment generation through agriculture and manufacturing-led economic growth.

A glance of the new-look plan, which will start this year and conclude in 2020, may be brought forth in the Budget to be presented on February 1 by Finance Minister Arun Jaitley, according to sources.

The three-year action plan, which lays emphasis on improving the state of agriculture in the country by implementing initiatives, will soon come into the public domain, the sources said.

“It will elaborate on the ways to double farmers’ income by 2022,” they said, adding that demonetisation has left farmers hurt in the past couple of months.

Besides, it will discuss how e-NAM (Electronic National Agriculture Market) could be made more acceptable by states. It has been adopted only by 12 states so far.

The new plan will also take into account the impact of demonetisation on various sectors and how to cope with that.

Manufacturing and its employability is another area on which the three-year action plan is expected to be in focus.

Manufacturing is the largest employer outside agricultural, but the sector has not been able to employ enough people. The government aims increasing manufacturing contribution to 25% of Gross Domestic Product (GDP) by 2025 from the current 16%.

Prime Minister Narendra Modi’s “Make in India” initiative centres around placing India on world map as manufacturing hub.

The focus of the plan is on employment generation through agriculture and manufacturing-led economic growth.

A glance of the new-look plan may be put forth in the Budget to be presented on February 1

The new plan will also take into account the impact of demonetisation on various sectors

Manufacturing and its employability is another area to be in focus.

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