NITI unveils 'Strategy for New India @75' to make India $4-trillion economy

The acceleration in economic growth, it has said, must be inclusive, sustained, 'clean' and formalised

The Niti Aayog has said average annual growth of 8 per cent during 2018-19 to 2022-23, with the concluding year yielding 9-10 per cent expansion, is needed to generate sufficient jobs and make India a $4-trillion (Rs 285 trillion) economy. 

In a document titled ‘Strategy for New India @75', it suggested this growth rate be achieved through increasing the investment rate, improving the ratio of taxes to Gross Domestic Product (GDP), raising export, continued exit of the government from non-strategic public sector units and further liberalising the Foreign Direct Investment regime.  

The acceleration in economic growth, it has said, must