Jaipur : Ground work has started to take Rajasthan’s economy ahead of other states rapidly. To take the state’s economy to 350 billion dollars (29,230 lakh crore rupees), the target is to increase it by about 11,500 lakh crore rupees in 5 years. Rajasthan Institute for Transformation and Innovation (RITI), constituted under the chairmanship of Chief Minister Bhajanlal Sharma, has started preparing the vision document of Developed Rajasthan-2047. Targets will also be set for the years 2030 and 2047 for continuous monitoring. RITI has sought long-term plans from all departments, for the preparation of which the departments are also preparing their vision documents. Work has started for new missions, new policies and the Rising Rajasthan Global Investment Summit proposed from 9 to 11 December to take the economy to new heights.
This is how the path will be decided
The state’s economy is estimated to reach Rs 17.81 lakh crore by the end of the current financial year with a growth of about 17 percent. Work is being done with the target of taking it to Rs 29,230.26 lakh crore in the next five years.
These policies will be changed, work has started
Logistics Policy- Dedicated Freight Corridor route will be developed as multi modal logistics hub.
One District-One Product and Export Promotion Policy- Efforts will be made to provide a new identity to each district at the international level through local products.
MSME Policy- Work will be done with the aim of integrated cluster development and one stop shop solution. There will also be an MSME Conclave.
Industrial policy- Along with data center development, efforts will be made to develop private industrial sector like Gujarat. Apart from this, preparations will be made to provide trained and skilled employees as per the demand of industries.
Agro Processing Policy- Efforts will be made to take the private sector to villages and towns to increase the income of farmers and employment opportunities in rural areas.
The current situation is this
Fiscal deficit 3.9 percent of GSDP (estimated)
Revenue deficit 1.4 percent of GSDP (estimated)
Total liabilities 36 percent of GSDP (estimated)
Revenue receipt estimated at Rs 2,64,461 crore
The state’s tax revenue is 7 percent of GSDP
The state’s estimated share in central taxes is Rs 79,587 crore
Vision of the Government
Urban Development- Regional and Urban Planning Bill will be introduced for the development of cities and their surroundings
Road connectivity- 53 thousand kilometers of roads will be built in 5 years, on which 60 thousand crore rupees will be spent
Jal-Rajasthan Irrigation Water Grid Mission
Energy – Work has started to generate 20,500 MW of energy from conventional sources, 22,200 MW from solar, 8,100 MW from wind and 3,300 MW from water (hydro) by the year 2031-32
Our economy can reach one trillion
Like Uttar Pradesh, we can take the economy to one trillion by 2030. UP has Ganga and labourers, we have reserves of many minerals like lithium, uranium and gold. We have monopoly on 16-17 minerals. We can become number-1 in the energy sector. ERCP will bring boom in food grains and MSME sector. We can increase exports from Odisha model for millets.
There is a lot of potential in tourism, animal husbandry and renewable energy sectors. Make the MSME policy transparent. Instead of retired bureaucrats, a task force of corporate, academician and agriculture related people should be formed for development and a separate cell should be formed for economic growth. Parameters should be fixed for sustainable development. By setting a roadmap like this, we can make the state number 1 in the country.
