The recommendation appears in the think tank's latest Tax Policy Working Paper Series - 1 released on Friday
High-income states, which account for 26 per cent of India's population, contribute 44 per cent of GDP, while low-income states, with 38 per cent of the population, generate only 19 per cent of GDP, a divergence that is worrisome, NITI Aayog Vice-Chairman Suman Bery said. Delivering a lecture on India's Macro Challenge: Generating and Financing a Big Investment Push' at the 6th Economics Conclave at the School of Economics, University of Hyderabad here, on Monday, he said, "The development strategy that's appropriate for Tamil Nadu and for Bihar or Uttar Pradesh will necessarily be very different." "And so it is the case that there has been divergence, and that's something we need to worry about. As you see, high-income states account for 26 per cent of the population but 44 per cent of GDP, while low-income states have 38 per cent of the population but only 19 per cent of GDP," he said. Bery added, "I do want to bring to the Indian context the point that I made in a global ...
NITI Aayog projects AI could add up to $1 trillion to India's GDP by 2035, but success depends on sovereign infrastructure, skilling, and responsible adoption
NITI Aayog suggests developing herbicide-tolerant pulses varieties and including pulses in welfare programs like PDS to boost domestic production and ensure self-sufficiency in pulses production
Niti Ayog on Thursday called for an early push to the development of 2D materials for chips in the country to gain the leadership position in the semiconductor segment instead of playing the catch-up game with the world in the technology space. According to NITI Aayog fourth edition report of Future Front Quarterly Insights series, the 2D materials are roughly 8 lakh times smaller than the tip of a pencil and despite its thinness they are 200 times stronger than steel and conduct electricity more efficiently than copper. The report said that the world of two-dimensional (2D) materials is a frontier that promises to reshape the future of semiconductors, energy, electronics, and quantum computing. "You need to invest in people, R&D, in creating supply chains and finally products and manufacturing. I think we need to create the entire ecosystem for 2D. We missed the bus in semiconductor, and today we are playing the catch-up game," NITI Aayog CEO BVR Subrahmanyam said while releasing
These include an ambitious push for big-ticket projects, projecting India as a destination for major investments, and slashing the compliance burden on enterprises and citizens
Niti Aayog proposes a model policy framework to make homestays and BNBs more accessible and to promote tourism growth through simplified registration processes and incentives.
The government is set to have a laser sharp focus on e-trucks in India's EV transition journey, which - according to Niti Aayog's findings in a recent report - have virtually not taken off
Their inclusion is vital for reducing carbon emissions, strengthening energy security, improving operational cost efficiency, and supporting small businesses
PAC seeks time-bound completion of study, full audit of NHAI amid plaints
Niti Aayog suggests the government shift focus from incentives to "soft" mandates for electric vehicles (EVs), aiming to increase EV adoption through regulations, disincentives, and targeted policies
Government think tank Niti Aayog on Monday pitched for a National EV policy with clear targets and timelines to fast-track India's electric mobility transition. The Aayog, in its report titled 'Unlocking a USD 200 Billion Opportunity: Electric Vehicles in India', further recommended expanding corporate average fuel efficiency (CAFE) norms to a wider segment of vehicles. The report called for establishing a National EV policy with clear targets and timelines, and a regulatory framework with phased EV mandates. It also pitched for a clear policy, with target timelines, for zero-emission vehicle (ZEV) adoption. "Create a pooled fund with contributions from the public budget and multilateral development banks for providing lower-interest loans for the procurement of e-buses and e-trucks," the report said, and suggested designing and launching an appropriate scheme to channel funds. The Aayog also called for prioritising service delivery models over asset procurement, shifting capital
Delhi, Maharashtra and Chandigarh have emerged as frontrunners in NITI Aayog's first India Electric Mobility Index (IEMI) which assesses performance across three themes of EV adoption, charging infrastructure readiness and EV technology and innovation. The Aayog in it's report titled 'India Electric Mobility Index 2024' evaluated all Indian states and Union Territories across 16 indicators under three core themes. According to the Aayog, Delhi, Maharashtra and Chandigarh have emerged as frontrunners in the overall IEMI score, reflecting the robust ecosystems. In transport electrification, Delhi and Maharashtra are the frontrunners while Haryana, Karnataka, Ladakh and Hamachal Pradesh lead in charging infrastructure readiness. In terms of EV research and innovation, the Aayog said Delhi, Tamil Nadu, Maharashtra, Karnataka, Haryana and Telangana stand out as frontruners. According to the Aayog, currently 29 states and UTs in India have notified EV policies, with four in draft stage
Nathealth has proposed a digital single-window system to Niti Aayog to ease the healthcare sector's compliance load, citing inefficiencies and duplication across ministries
The NITI Aayog's proposal for Chinese companies to acquire stakes of up to 24 per cent would also balance investor interests with misgivings in Indian policy
India's sustained economic growth makes it an "anchor of stability for the world, which needs new engines of growth and development models that can be scaled and shared, Vice Chairman of NITI Aayog Suman Bery has said. Bery addressed the ministerial segment of the High Level Political Forum for Sustainable Development Goals at UN Headquarters on Monday. He said the world is navigating a period of significant economic shifts and uncertainty, which makes the international community's collective work on Sustainable Development Goals more critical than ever. The world needs anchors of stability, new engines of growth and development models that can be scaled and shared. India, with its unique strengths and experience, is ready and willing to offer all three. He underscored that India's sustained economic growth makes it an "anchor of stability for the global community and an example of what is possible. In an era of flux, India stands out as a vibrant democracy with steadily improving
India's progress across various Sustainable Development Goals (SDGs) has been enabled by a dual strategy that encompasses strong safety nets and reforms that foster growth through a more enabling environment, Vice Chairman of NITI Aayog Suman Bery has said. Bery pointed out that 240 million Indians escaped from multi-dimensional poverty in the decade between 2013-14 and 2022-23, and social protection coverage has more than doubled since 2015. India is on track to achieve health targets for maternal, child and infant mortality before 2030, the target year of the SDGs, he said. Our progress in India has been enabled by a dual strategy - strong safety nets to protect the most vulnerable and reforms that foster growth through a more enabling environment and ease of doing business, making India the fastest growing major economy today, Bery said. Bery delivered the keynote address at a high-level side event titled SDGs: Keeping up the Momentum for Agenda 2030' hosted on Friday by the ...
Currently, all investment by Chinese entities in Indian companies need to gain a security clearance from both India's home and foreign ministries
The Rs 24,000 crore scheme will converge 36 programmes across 11 ministries and run for six years from FY26 with the goal to raise yields and farm credit access
Indian exporters are poised to strengthen their presence in the US market as rivals like China, Mexico, and Canada face higher tariffs ranging up to 50%, as against India's 10%, says NITI Aayog report