The Competitiveness Roadmap for India@100 was released by the Economic Advisory Council to the Prime Minister (EAC-PM) on August 30. The roadmap is a part of the India Competitiveness Initiative.
Key points
- The roadmap is a collaborative endeavour between the EAC-PM and The Institute for Competitiveness and is developed by Dr Amit Kapoor, Chair, Institute for Competitiveness, Professor Michael E. Porter and Dr Christian Ketels of Harvard Business School.
- 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 Competitiveness framework developed by Professor Michael E. Porter.
- The Competitiveness approach puts forth the idea of productivity as a driver of sustained prosperity.
- The India@100 roadmap guides the way for India to become a high-income country by 2047 through sector-specific and region-specific policies based on the ‘4 S’ principles.
- The ‘4 S’ guiding principles redefine our approach to attaining prosperity by stressing the need for prosperity growth to be matched by social progress, to be shared across all regions within India, to be environmentally sustainable, and to be solid in the face of external shocks.
- By capturing these four important aspects, the ‘4 S’ guiding principles pave the way for resilient and holistic development.
- The Competitiveness Roadmap for India@100 provides the basis for a renewed approach to India’s growth and development strategy.
