NITI Aayog releases strategy for new India, aims to accelerate growth to 8%

According to the NITI Aayog's strategy, the government aims to increase tax-to-GDP ratio to 22 per cent

Finance Minister Arun Jaitley on Wednesday released the NITI Aayog's strategy for New India, a paper envisaging goals for the country in the 75th year of its Independence in 2022. "We stand in an important era in Indian history where we can make up for lost opportunities," Jaitley said. He, however, acknowledged that "economic reforms since 1991 have yielded dividends".

The emphasis on reforms needed to be accompanied by social consciousness, said Jaitley. 

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