The Government of India is to finalize the 2047 plan by May 2022. The plan is being framed by a Sectoral Group of Secretaries. That is, the sectaries are from ten different sectors. They will draw a plan that will start by this decade.
Aim of Vision India@2047
The aim of the vision is to create an action plan. Under the plan, a road map will be created for each sector. The execution of the plan is to begin this decade.
Principle of the vision
- The vision follows “Whole of country” or “Whole of Government” approach.
- The plan will build expertise within the government.
- It will leverage international capital
- It will involve international expertise
- It will involve experts from different fields to draw a “Future India” template
The plan is to provide priority to the following:
- To develop new age agriculture
- Future – ready cities
- To create an ecosystem that will facilitate emergence of Indian global champions
- To leverage growing soft power of the country
What is New – Age agriculture?
It addresses the issues such as climate change, scarcity of water, lack of land availability and exploding population. The New – Age agriculture increases crop productivity per field. It increases the use of modern technology. It limits usage of water. It produces climate resilient crops. It also includes enhanced seeds, farm equipment, etc. It uses end sensors and provides information about soil conditions, environmental conditions and crop conditions.
What are future – ready cities?
According to United Nations, more than five billion people are to live in cities by 2030. And cities occupy only 3% of the total land on the earth. But they account to 60% to 80% of energy consumption. The future ready cities are those that are prepared to face these conditions. Such cities encourage their urban population to construct building upwards. They urge to switch towards electrical power and reduce carbon emissions. They also encourage underground construction, climate resilient activities and construction.
About the plan
The plan will benefit the 100th year of Indian independence. It will have targets that are to be completed in 25 years. It will first free up foreign defence acquisitions that are made by India. It will make India self reliant. It is to restructure the public sector banks. The plan is looking to merge three to four big banks. It aims to develop semi – conductor complexes. The government processes are to be re – engineered. It will eliminate the unnecessary interference made by the government on the lives of the citizens. On the science and technology side, the plan is to build ten labs. The plan is to turn India in to a skill capital. It is develop at least ten Indian Institutions and bring them among the top hundred in the world. The SGoS has been asked to perform a gap analysis in government and private sector. The plan will mainly focus on ten sectors
What are the ten sectors?
The plan will focus on agriculture, urban landscape, infrastructure, defence, science and technology, governance, banking, oil and gas, etc.
Category: Economy & Banking Current Affairs - 2024