Recent developments in India have attracted wide global attention, not only in terms of their content and articulation but also the systemic changes that have contributed to ongoing economic transformation and improvements in the ease of doing business. The shift from entitlement based approach to expansion of entrepreneurial base which is globally competitive; moving of unorganized sector to organized commercial sectors; emphasis on industrialisation with lesser carbon footprint, aided by digitalisation and innovation, with special focus on localisation and financial inclusion, characterise an evolving growth strategy.
India’s development strategy is best captured in Prime Minister’s call for ‘Sabka Sath Sabka Vikas’ (SSSV) that translates as Collective Effort, Inclusive Development. The Sustainable Development Goals (SDGs) mirror India’s development strategy and attempts are being made to imbibe the SDGs as part of India’s development action. Globally, there is strong emphasis on multi-disciplinary and multi-functional approaches to development. While the Government departments and various public institutions are busy detailing out and executing new policies and programmes, a simultaneous effort is needed to analyse the implications of new sectoral trajectories for building a macro level development perspective in the country and made it known nationally and globally.
This effort would require a new ecosystem of institutions including civil society organisations (CSOs), to establish a linkage between private and public actors in different sectors within the country as also between India and the rest of the world, including the countries in the immediate neighbourhood. It would require platforms for exchange of knowledge and development experiences and for undertaking joint research studies and symposia. Based on the new understanding of the dynamics of the system, a new narrative on development can be evolved for better appreciation of the current growth strategy, within the country as also among those that become a part of the knowledge sharing system. A spectrum of institutions needs to be engaged which would include think-tanks and civil society organisations with core competence and specific sectoral strengths, which can then project the national experience to local and global actors.