October 05, 2017

Waiting for Godot? What Are States Doing to Drive Growth?

In this New Indian Express article, Shankkar Aiyar, Visiting Fellow at IDFC Institute highlights the role states need to play in India's growth and development. Excerpts below:

 

"The undeniable reality is that the responsibility for next generation of reforms and creating the impulse for growth squarely rest with the states. The need for this has been known and the precept was articulated by Prime Minister Narendra Modi when he coined the phraseology of ‘Team India’ and said that 'for federalism to work well, states must also fulfill their role in promoting the shared national objectives'... Urbanisation is a proven accelerator of growth. In May 2016, the Union Urban Development Ministry asked 28 states to convert 3,784 Census Towns into urban local bodies. This would have been an opportunity for states to design their own smart cities—trigger investment and create employment. The moot question is how many states complied. India’s GDP is essentially the sum of how well or poorly its states do. For India to grow and for Indians to prosper, it is critical that states be roused out of their torpid state."

 

Read the full article here

In : OP-EDS
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