New Delhi, August 30 (Representative) Policy think-tank Institute for Competitiveness (IFC) on Tuesday presented a report titled Competitiveness Roadmap for India@100 setting out the pathway for India to become a high-income country by 2047. The roadmap was released in the presence of Dr Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM), Sanjeev Sanyal, Member, EAC-PM, and the members of the Stakeholders Group formed as part of the initiative. “The Competitiveness Roadmap for India@100 provides the basis for a renewed approach to India’s growth and development strategy. Moving ahead, the focus would be on developing KPIs (key performance indicators) and roadmaps for different industries, ministries, and states of the country to shape the journey towards reaching the country’s ambitions by its centennial year,” a media release said.
It further said that the change in approach to development in different sectors and states will not only shape policy actions today but also have an impact on the design and implementation of future policies. Speaking on the occasion, Dr Debroy said that the study has been done by the Institute for Competitiveness. “It’s not a study that’s done by Economic Advisory Council to the Prime Minister (EAC-PM). It’s their study. We are partnering with them in the launch, in the dissemination, in the propagation,” he said. “The report is on India@100, twenty-five years from now. We are in the 75th year of Independence and it is looking forward 25 years and suggesting what India should do to make India a more prosperous country, a better governed country in 2047,” he further said. The Competitiveness roadmap for India@100 is based on the Competitiveness framework developed by Professor Michael E. Porter of Harvard Business School.
The Competitiveness approach puts forth the idea of productivity as a driver of sustained prosperity. It emphasizes the context that a nation is able to provide firms to be more productive and for individuals to be able to partake in the value generated through their productivity. The roadmap was presented by Dr Christian Ketels, who highlighted the importance of building a complete understanding of India’s strengths and its unique advantages, which can help enhance the country’s overall national value proposition. “Understanding India’s competitiveness challenges and opportunities also help gain insights into the challenges and opportunities that the world is facing. How India manages to address its major challenges will have a bearing on how the world tackles these challenges.
India’s performance matters” said Dr Ketels. In the keynote address on ‘India- The Competitive Edge’, Dr Bibek Debroy said that “if India’s development trajectory has to emerge faster, higher, and stronger, both government policies and the enterprises and markets functioning in the environment set by the former, are of great significance”. Adding emphasis to the importance of a renewed approach to development, Amitabh Kant, G20, Sherpa, stated, “In an ever-evolving global context, India is working towards presenting a sustained growth model based on ease of living for its people and ease of doing business for its industries. The emphasis is not just on attaining the ambitions set for India but also on how the country gets there. The roadmap provides directions guiding the process of attaining the set goals, and outlines the kind of principle changes required for the transformation we are working towards”.