This issue of INCLUSION comes to you at the completion of two years of Modi government and also after the histrionics of electronic media anchors and reams of newsprint about glamorous stuff, which is behind us.This issue looks at what have been the real big achievements that will impact the future course of inclusive growth...
In 2006, I had identified Pradhan Mantri Gram Sadak Yojana (PMGSY) as the dark horse of NDA-1. We had started looking at the scheme with a lot of skepticism and tried to punch holes in it. After studying the scheme and interviewing people to get a preliminary feedback, we went for field research and found a visible difference in the economic activity and everybody happy with the scheme including the people who had not got a road till then or even people whose lands had been acquired to build special the road.
Any country's economic growth depands on expansion in industry, increased investment, high domestic production and consumption, healthy exports and reduction in imports, on the one hand and a hope towards a brighter future for its people, on the other.
The last few years of the United Progressive Alliance (UPA) government's 10- year rule had left the Indian economy rattled. corruption scandals ignited political firestorms and badly shook its credibility, macroeconomic fundamentals eroded, and what came to be known as policy paralysis punctured the romantic myths about the Indian economy as the silver lining in the recession-hit world economy.
Nearly 80 per cent of the country's capital is in big industries, while they provide just around 20 per cent employment. Investment in small industries is just around 20 per cent, while it provide jobs to 80 per cent of the people employed in industries.
Across sectors-from Agriculture to Manufacturing to Steel & Mining-a host of measures have been put to address the dismal picture the economy portrayed during previous years. Last year we recorded a 7.6 per cent GDP growth; while the fiscal deficit is as per the budgeted target at 3.9 per cent.
In his assertion, Modi's connotation of 'co-operative federalism' was somewhat similar to the notion advanced in other federations particularly Germany and the US where the concept was used to make sub-national governments work with the federal government to achieve national goals.
V N Alok
The liberalisation of industrial policy and other initiatives taken by the Government have given a definite impetus for entry, participation and growth of the steel sector. While the existing units are being modernised/ expanded, a large number of new steel plants have also come up in different parts of the country based on modern, cost effective, state ofthe- art technologies.
Narendra Singh Tomar
The government's focus on the welfare of women and children is reinforced with a significant 11 per cent increase in the Gender Budget for 2016-17. The total financial allocation for women in the Central Budget stands at Rs.90,624 crore for the financial year 2016-17 as against Rs.81,249 crore in 2015-16 marking an annual increase of 11 per cent.
Maneka Sanjay Gandhi