Competitiveness Roadmap for India@100

Competitiveness Roadmap for India@100
Source : PIB
GS II : Economics; GS III : Prelims

What is discussed under Competitiveness Roadmap for India@100?

Economic Advisory Council to Prime Minister will release the Competitiveness Roadmap for India@100 on 30th August 2022.

The Competitiveness Roadmap is a collaborative endeavour between EAC-PM, The Institute for Competitiveness, and Harvard Business School.
The Competitiveness Roadmap for India@100 was released by the Economic Advisory Council to the Prime Minister (EAC-PM) 30 AUG 2022.
Released in the presence of EAC-PM and the members of the Stakeholders Group formed as part of the initiative.
It envisions setting new guiding principles for the country’s growth journey over the following years and guiding different states, ministries and partners in India’s growth to develop sector-specific roadmaps for achieving targeted goals.

The Competitiveness Roadmap for India@100 is based on the framework developed by Professor Michael E. Porter.
Photo by Mathieu Stern on Unsplash
India@100 is a roadmap for our country’s journey towards its centennial year, identifying the steps required to realize the vast potential and huge ambitions that you have outlined for our nation.
The roadmap stands to inform and guide the way for India to become a higher-income country by 2047.
It proposes policy goals, principles and approaches to further drive India’s economy in the direction of sustainability and resilience, embedded in social progress and shared prosperity.
The roadmap presents an integrated agenda of prioritised initiatives based on a thorough examination of India’s present economic state and competitive advantages.
Building on the many reforms your government has enacted over recent years, it addresses both what actions India needs to prioritize now and how it needs to organize itself to deliver these actions effectively.
The document also asserts that the competitiveness approach should serve as the cornerstone of India’s economic and social policy to drive India’s growth further and sustain it over the long term.

The roadmap outlines the new guiding principles that will be influential in shaping India’s growth journey in the next twenty-five years.
These principles are based on the 4 S – Social progress to be shared equitably, to be aligned with environmental sustainability and to be solid in dealing with external shocks.

Institute for Competitiveness

The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities and thus generate guidelines for businesses and those in governance; and suggests & provides solutions for socio-economic problems.
India Innovation Index
- Released by NITI Aayog with the Institute for Competitiveness.
- There are 7 pillars in the index – five ‘Enabler’ pillars measure the inputs and two ‘Performance’ pillars measure the output.
- It is a comprehensive tool for the evaluation and development of the country’s innovation ecosystem.

Economic Advisory Council to the Prime Minister (EAC-PM) is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the Prime Minister.
The Terms of Reference of EAC-PM include analyzing any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon, addressing issues of macroeconomic importance and presenting views thereon to the Prime Minister.
These could be either suo-motu or on reference from the Prime Minister or anyone else.
They also include attending to any other task as may be desired by the Prime Minister from time to time.

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