The NITI Aayog has formulated an economic plan for the cities of Mumbai, Surat, Varanasi, and Vizag, aiming to transform them and help India become a developed economy by 2047. The Aayog plans to prepare economic planning for 20-25 more cities and is also working on a vision document for India to become a $30 trillion economy by 2047. The document will be released by Prime Minister Narendra Modi.
India Business News: The NITI Aayog has developed economic plans for cities like Mumbai, Surat, Varanasi, and Vizag in order to help India become a developed economy by 20
“[The article] reveals the deep-seated issues plaguing the federal structure under the current administration, pointing towards a systematic strain on state finances and autonomy…The implications of these actions are far-reaching, particularly for states like Karnataka, which have long voiced their struggles against such injustices,” the CM said in a statement.
NITI Aayog CEO, Subrahmanyam, stated that India has a two-to-three-year window to benefit from the global strategy of de-risking from China. He emphasized the need for the Indian government to create policies that attract and facilitate the shift of businesses to India. Subrahmanyam highlighted that supply chains are looking for new geographies, presenting an opportunity for India in the manufacturing sector.