India is navigating a section of acute energy market volatility amid disruptions in West Asia, with the fiscal and inflationary affect hitting small farmers, micro-entrepreneurs and day by day wage staff the toughest, Chief Financial Adviser V Anantha Nageswaran mentioned on Monday.
Talking on the launch of NITI Aayog’s report, DPI@2047 for Viksit Bharat: A Strategic Roadmap to Allow Non-linear Inclusive Socio-Financial Growth, Nageswaran mentioned such disruptions have sharpened a long-standing vulnerability in India’s growth story – its dependence on imported fossil fuels.
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With a inhabitants of 1.4 billion and energy demand already thrice the worldwide common, India depends on gasoline imports whose costs it doesn’t management and whose provide chains move by way of a few of the world’s most contested waters, he famous.
“We should offset the hostile financial affect of energy worth shocks by way of productiveness and competitiveness positive factors elsewhere,” he mentioned, including that Digital Public Infrastructure (DPI) might be key to attaining this.
NITI Aayog street map
The NITI Aayog roadmap outlines a two-phase technique – DPI 2.0 (2025-35) and DPI 3.0 (2035-47) – aimed toward constructing a broad-based, succesful society and driving inclusive growth. It focuses on reworking sectors equivalent to MSMEs, agriculture, schooling and well being, alongside systemic enablers like credit score entry, decentralised energy markets and improved supply of social advantages.
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The report proposes a decentralised, state-led execution mannequin, with the Centre and NITI Aayog performing as catalysts, and recommends two-year iterative transformation cycles. For the primary cycle (2026-27), it suggests pilot initiatives in MSMEs and agriculture throughout six “champion” states and Union Territories, adopted by wider rollouts.
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