Three important factors underline the necessity for such an initiative.
One, development process in any country today can no longer be seen through an economic lens alone. Contemporary research has shown the relevance of social, political, cultural and institutional factors in determining the dynamics of the holistic development. Hence, an initiative which attempts to understand and articulate the developmental process within a macro framework has to consciously and decisively cross disciplinary boundaries.
Two, given the level of interlinkages, development has to be a result of cooperation, among the nations across the equator. The emphasis on SDGs will be a clear pointer to such a realization. Thus, the proposed GDI cannot just look only at the process of regional economic growth but must have a global perspective in the context of equity, sustainability and inclusivity. The development road map of a country would, therefore, be guided by both its domestic and external policies.
Three, given the inherent multi-disciplinary, multi-functional approach adopted by the GDI, its management should be pragmatic and flexible. Thus the major objectives of the GDI are to evolve a new development narrative/ ecosystem based on the plurality of experience along with sharing of India’s development experience with partner countries. It also aims to collate and assimilate the learning process that evolves with the development initiatives of the countries.
Approaches and Modalities of the GDI