The task is cut out for the new avatar of the now disbanded Planning Commission
At The Economic Times’ Global Business Summit in mid-January, Prime Minister Narendra Modi laid out his Transformation Agenda in no uncertain terms. After presenting a poser—“India is a $2-trillion economy today. Can we not dream of an India with a $20-trillion economy?”—he unveiled his ‘doctrine of development’ in lucid terms: “The government must nurture an ecosystem where the economy is primed for growth; and growth promotes all-round development. Where development is employment-generating; and employment is enabled by skills. Where skills are synced with production; and production is benchmarked to quality. Where quality meets global standards; and meeting global standards drives prosperity. Most importantly, this prosperity is for the welfare of all.” With such seamless segueing, India will be transformed from a poor/low-income to a high-income/rich nation and poverty will stand eliminated.