Preparing for a post Pandemic Economy: from Sunset to Sunrise areas of growth.. amitabh kant 4th March 2021
http://niti.gov.in/preparing-post-pandemic-economy-sunset-sunrise-areas-growth Firstly, the future lies in mobility that will be shared, connected and electric. To support the EV segment, the government has already brought about numerous interventions, including a lower GST structure, tax deduction on interest for loans, and has supported procurement through the FAME II scheme.
Secondly, we must focus on Advance Cell Chemistries. India should take the lead in supporting the manufacturing and scale up of these new age chemistries which will advance battery storage.
The third area for rapid transformation is Artificial Intelligence (AI). An AI enabling policy environment supplemented by young, data hungry entrepreneurs and product managers is crucial to evolve as a global technology leader.
The fourth key area of transformation is the 5th generation mobile network technology which will radically transform the world of communication, mobile technologies and flow of data. License conditions for 5G in India should therefore ensure that Indian companies get access to background IPR from global players on FRANDS terms. It is imperative that we create our own end-to-end 5G ecosystem so that we can address our critical security concerns.
The fifth key area is Genomics. We need to set in motion a virtuous cycle of private investment in genetic testing, analysis counseling and therapy.
The production linked incentive schemes, reforms in labour laws, GST, corporate tax rationalization and an overall ease in doing business will give a fillip to India’s growth. India must seize the opportunity in sunrise areas of growth - this would require size, scale, speed of action and a focus on technological disruption.