The following would form the core principles of the economic policy and governance under The Rising India Party rule:
The government would create an overarching Ministry of Industrial and Sectoral Development (MOISD) as an overarching body that would be responsible for Indian enterprise, industrial capability, sectoral capabilities to be built such that these are leading the world; building research capabilities would be integral to these efforts.
This body would be responsible for framing policies that would be key to meeting this world domination targets.
Within the MOISD, Plans Board and Audit Board Groups would be formed for distinct industries and linked industry sectors to be treated holistically in the planning story.
These groups would be based on economic activity heading groups with the view of expeditiously tackling issues and bottlenecks keeping each target industry / sector from evolving and growing.
These groups would comprise a cross-section of individuals drawn from the industry leaders and sub-leaders; technologists and engineers, Indians and from overseas where so ever local talent and expertise is missing, members of the public segments that the particular industry group caters to and from whose mass, it derives its economic survival and wealth and others such as may be deemed essential for any group at any point of time.
Sub Groups would be formed within the larger Macro Groups to expeditiously look at link-strands that form any industry or economic activity grouping.
These groups would come up with policy initiatives to get the sectors on fast track growth.
The government would move to identify and remove all artificial and unnecessary rules and laws that are causing impediments and bottlenecks for economic activity and growth.
A key mandate would be to design industry specific and product wise export strategies within the China and world competition scenario or narrative.
The government will get out of the business of business, and focus its energies entirely on governing the country through a constantly evolving Policy Framework that is built around fluid data-analysis-planning-control mechanisms and that have, built into it strong public connect, oversight, and participation
Consequently, all business entities currently run by the government under the state Public sector would be divested in phases whereby in phase I the government would retain up to 25% share and seats on the board of the new entities and seats on the boards of these companies with veto power on issues that may have national interest implications.
Initially, all such divested companies would run under Public-Private partnerships through the shareholding patterns defined above, which may subsequently be completely changed by the government divesting completely, once the functioning of such divested units demonstrates viability as a private sector unit under private management.
Industries or industrial units that are identified and deemed to be of national strategic importance would be enabled to gain access to fast track decisions, access to finance, import subsidies and materials stockpiling.
The Economic and Finance Ministry would form an integrated Core Plans Board Group that would then have spokes of splinter Groups to look at each strand of industrial and economic activity for each different area of activity and its link areas that impact or cross-impact on each other.
The MOISD would frame constituent rules across and for all sectors and sub-sectors of the economy, individually and holistically.
The government would look to forming Subsidies Audit Board which are tasked with undertaking a line by line examination of all subsidies that are in place at the time with the mandate of recommending the elimination of all subsidies that are misplaced or have outlived their usefulness.
New support levels through incentives and framing of effective growth oriented policies would be mandated by The Rising India Party.
The government would form Plans and Audit Boards to scrutinize all Financial and Economic policies within the world narrative and these bodies will have a cross-section of appropriately experienced people, global thought leaders from the perspective of getting a cross section of views to help in framing the right polices for India that are also better aligned to the emerging world reality.
All such work would be targeted to be completed in 12-18 months of winning elections.
In principle, but subject to certain defined restrictions and public interest safeguards, The Rising India Party will aim for a totally free economic environment and policy framework that frees Indian entrepreneurship for growths.
As an example, on winning elections, the rising India party will abolish the shopping establishments act and formulate policies to replace it with a new business friendly code.
For instance, all business establishments would be free to work on 24/7 days basis including shops, stores and factories who would be free to decide on their working hours, including of shift basis.
This would be subject to no functional impediments such as power deficiency and there is availability of resources for functioning.
The country's enormous commercial and resources enterprise would be freed and released immediately to decide how they wish to function in an economy that is alive and kicking 24 hours 7 days a week, rapidly creating employment throughout India.
The rising India party on winning elections will move for all government offices into two shifts functioning as well as simultaneously permitting commercial activity of all kinds within the stipulation that requisite environmental and other issues are not impacted and that need that to be kept in focus.TO BE ADDED