With the twelfth five-year plan drawing to a close, government’s think tank Niti Aayog has prepared an exercise for the long term with a proposal to formulate a 15-year vision agenda, a senior official said. However, the long term “perspective plan” will also comprise a three-year macroeconomic framework to predict growth indicators that would help the Centre in fulfilling the recommendations of the 14th Finance Commission.
“The three-year action plan for 2017-18 to 2019-20 will align the planning process with the finance commission. It will help predict what the growth rate will be, and depending on that what the revenues will be, and how it will be distributed among the ministries,” the Niti Aayog official said.
The 14th finance commission recommendations will remain in force till 2019-20.
The Aayog, as part of its appraisal for the 12th five-year plan, has suggested that a vision document for 15 years for the period up to 2030 be prepared. This vision document, or perspective plan, will be formulated with a central objective of eradicating poverty. The official said that it would be co-terminus with the United Nations Sustainable Development Goals to which India has committed.
“Poverty will remain the theme here. Every plan has to start with an objective of what we try to achieve,” official said.
To convert the long-term vision into implementable policies, the Niti Aayog has proposed a seven-year National Development Agenda (NDA) that will be in place till 2023-24. To take stock of the implementation of the vision, the official said, a mid-term review will be done during the year ending March 2020. This review will coincide with the next scheduled general elections in 2019. The three-year plan will be a part of the NDA that aligns with the 14th finance commission period.