The Competitiveness Roadmap for India@100 was released by the Economic Advisory Council to the Prime Minister (EAC-PM). The roadmap, which is a part of the India Competitiveness Initiative, was released in the presence of Dr Bibek Debroy, Chairman, EAC-PM, Sanjeev Sanyal, Member, EAC-PM, and the members of the Stakeholders Group formed as part of the initiative.
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. 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.
Based on this approach, 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 roadmap sets out to give new guiding principles that are based on clearly defined overall goals and the articulation of a new development approach embedded in integrating social and economic agendas.
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 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. He stated, “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”.
In the Keynote address on ‘India- The Competitive Edge’, Dr Bibek Debroy, Chairman, EAC-PM, mentioned, “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”.
