Niti Aayog does away with 5-year plan scheme, introduces new vision document

The Niti Aayog has had consultations and discussions with chief minister of all states to draft the three economic policy documents, said Vice-Chairman Arvind Panagariya.

By: Express Web Desk | New Delhi | Published:December 1, 2016 7:59 pm
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Niti Aayog  Vice Chairman Arvind Panagariya on Thursday unveiled a new vision document, strategy document and an action plan for India and done away with the old five-year plan scheme, for which year 2016-17 is the last year of implementation. “Year 2016-17 is the last year for the 12th 5 year plan and the 12th five year plan will be the last 5 year plan scheme for India. In place of the this we will bring forth a 15 year vision document which will last till year 2032-32,” said Panagariya. A strategy document with a time span of seven years and an action plan of five years will also be introduced, with the cooperation of all states in the country, said Panagariya. “Year 2017-18, 2018-19, 2019-20 are the last years of implementation for the 14th Pay Commission, which will also form a base for our first action document,” added Panagariya.

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Niti Aayog has had consultations and discussions with chief ministers of all states to draft the three economic policy documents and many of the sates also sent their own vision documents, he added. “We will continue to work in this direction with the states.”

The announcement by the Niti Aayog vice-chairman comes after Minister of State for Urban Development and Planning Rao Inderjit Singh had told the Lok Sabha last week that the Niti Aayog was planing strategies to work beyond traditional areas of planning and looking at internal security, defence, social and development goals.

“Niti Aayog has initiated an exercise to formulate vision and strategy for the period beyond the 12th Five Year Plan (which ends in March 2017),” Singh said in a written reply to the Lok Sabha on November 23.

At the time, Singh had said Niti Aayog will prepare three inter-connected documents, with differing time frame.

These interconnected documents would include a vision document keeping in view the social goals set or proposed and sustainable development goals (SDGs) for about 15 years i.e. up to 2030, a seven-year strategy from 2017-18 to 2023-24 to convert the long-term vision into implementable policy and action as a part of “National Development Agenda” with a mid-term review after 3 years i.e. the year ending March 2020, the minister had said while replying to the queries.