Paper: GS – III, Subject: Economy, Topic: Infrastructure, Issue: Coastal state Drive Export Growth.
Context:
India’s $30 trillion economic vision by 2047, outlined in NITI Aayog’s “Viksit Rajya for Viksit Bharat 2047”, relies on state-driven growth.
Key Highlights:
- Both coastal and inland states aim for trillion-dollar economies, but success demands distinct yet coordinated strategies suited to their geographical strengths.
India’s Economic Vision and State-Level Ambitions:
Trillion-Dollar State Ambitions:
- States like Uttar Pradesh, Maharashtra, Tamil Nadu, Karnataka, Gujarat, Andhra Pradesh, and Haryana have announced goals to become trillion-dollar economies.
- The Coastal Premium Lessons from China
China’s Experience: China’s first trillion-dollar provinces Guangdong, Jiangsu, Shandong, Zhejiang were coastal.
- Coastal provinces benefitted from foreign investment, special economic zones (SEZs), and deepwater ports.
Inland Growth in China: Inland regions like Chongqing leveraged river and rail networks.
- Provinces like Henan and Sichuan capitalized on large domestic markets, while Anhui and Hunan boosted digital industries and R&D.
Strategies for Coastal and Landlocked States for Integrated Growth:
National-Level Policies and Initiatives: To support the growth of both coastal and inland states, the following national-level policies and initiatives are crucial:
- Comprehensive Policy Reforms: Implement policies that promote trade, investment, and innovation, and reduce regulatory burdens.
- Infrastructure Development: Invest in infrastructure projects that improve connectivity, reduce transportation costs, and enhance the efficiency of supply chains.
- Urbanization: Promote sustainable urbanization by investing in urban infrastructure, affordable housing, and public services.
- Logistics: Develop efficient logistics networks that connect coastal and inland regions and facilitate the movement of goods.
- Education: Invest in education and skills development to create a skilled workforce that can meet the demands of a growing economy.
Achieving India’s ambitious goal of a $30 trillion economy by 2047 requires a coordinated and strategic approach that leverages the strengths of both coastal and inland states. India can unlock its full economic potential and create a more prosperous future for all its citizens.
La Excellence IAS Academy, the best IAS coaching in Hyderabad, known for delivering quality content and conceptual clarity for UPSC 2025 preparation.
FOLLOW US ON:
◉ YouTube : https://www.youtube.com/@CivilsPrepTeam
◉ Facebook: https://www.facebook.com/LaExcellenceIAS
◉ Instagram: https://www.instagram.com/laexcellenceiasacademy/
GET IN TOUCH:
Contact us at info@laex.in, https://laex.in/contact-us/
or Call us @ +91 9052 29 2929, +91 9052 99 2929, +91 9154 24 2140
OUR BRANCHES:
Head Office: H No: 1-10-225A, Beside AEVA Fertility Center, Ashok Nagar Extension, VV Giri Nagar, Ashok Nagar, Hyderabad, 500020
Madhapur: Flat no: 301, survey no 58-60, Guttala begumpet Madhapur metro pillar: 1524, Rangareddy Hyderabad, Telangana 500081
Bangalore: Plot No: 99, 2nd floor, 80 Feet Road, Beside Poorvika Mobiles, Chandra Layout, Attiguppe, Near Vijaya Nagara, Bengaluru, 560040