User:Kuldeep Singh Nagpal/sandbox

An Indian growth story India has already become the world’s fastest growing economy approaching an annual growth of 7.5% GDP - an outstanding achievement, but still not sufficient to meet its needs as per Mr Raghuram Rajan ex governor RBI. According to him with 12 million people getting added up every year to the job market, 7.5% is not enough- the growth must touch around 10% GDP growth- enough to create sufficient jobs and growth impetus. Ultimately we need to eradicate poverty, education and provide healthcare for every Indian. A nation of 1.3 billions well supported by rising incomes, fastest growing middle income segment, most youthful, largest educated and English speaking manpower- can very well become a tool of growth for itself and the world. With all the positives what is needed to touch the ambitious goal of 10% GDP is to remove any type of obstacles that are presently coming on the way, namely 1.	A strong and professionally run Banking sector. 2.	A privatization plan for our public sector, making them run with greater efficiency, competitiveness, professional and growth oriented. 3.	Private sector needs to step in providing local civic services like looking after waste disposal, sewerage, roads upkeep, etc. 4.	Providing corporate sector run service centres linkages at massive level- between consumer and rural areas mainly agriculturists. Apart from retailing they would provide guidance on model farming, soil testing, MSP, technical services, insurance, food processing facilities and cutting down on food distribution margins and wastages. 5.	Part of the ownership of these would rest with rural stakeholders thereby resulting in augmentation of rural incomes, providing alternate employment opportunities through vocational training and career counselling. 6.	Rapid growth in infrastructure, technology and skill development are important aspects of economic development. 7.	Big push to Industrialisation can be done through concepts such as cluster, corridor, freight corridors etc. 8.	The ease of business is done through single window clearances and providing all facilities with help from development boards and regulatory authorities covering every type of business. a.	development boards would cover for business promotion in specific area and/or product. b.	Regulatory authority in any industry or area serve to regulate its working in terms of quality, pricing, customer service, consumer rights, government policies etc. Both the above should work free from any political interference for the betterment of industry and consumers. 9.	There should be clear cut fair rules & regulations, legal processes, law & order system for administering the systems. However there are always some business fields which can act as growth engine for the whole economy- that can take us to 10% GDP growth. All of them may be growing around 20%per annum, if not more- they merit special attention from policymakers. We need to have an ambitious growth plan covering at least next 5 years for them in terms of output, quality, technical advancement, international trading opportunities and emerging trends. 1.	Food processing 2.	Health services 3.	Tourism 4.	Automobiles 5.	IT 6.	Industry corridors/ clusters 7.	Airports & ports 8.	Education 9.	Banking & financial services 10.	Urban services 11.	Real estate 12.	Retailing 13.	Small & medium industries. 14.	Property development & real Estate 15.	Emerging technologies NOTE Each one of them should plan taking up ambitious growth plans for coming 5 years in terms of output, technical advancement, international trading opportunities, emerging trends and preparation to execute the same.