Jaitley releases strategy paper on New India goals by 2022

Tribune News Service
New Delhi, December 19

Finance Minister Arun Jaitley released NITI Aayog’s strategy paper on New India envisaging goals for the country to achieve in the 75th year of Independence in 2022 on Wednesday.

Finance Minister Arun Jaitley said: "We stand in an important era in Indian history where we can make up for lost opportunities."

He, however, acknowledged that "economic reforms since 1991 have yielded dividends".

The emphasis on reforms needed to be accompanied by social consciousness, said Jaitley, adding that "sloganeering will only derail the efforts of the government".

According to the NITI Aayog strategy paper, the government aims to increase India's tax-to-GDP ratio to 22 per cent and accelerate economic growth rate to 8 per cent.

The central government headed by Prime Minister Narendra Modi, according to the strategy paper, is aiming to set up an independent regulator for Indian Railways.

The central government's target is for India is to be a $4.0 trillion economy by 2022, when India celebrates the 75th anniversary of independence.

Modi had earlier given a clarion call for establishing a New India by 2022.