Building on its Amrit Kaal vision, the government has focused on improving both the physical and digital infrastructure by allocating aggressively to capital expenditures in every budget over the last decade. We have viewed this as Phase-I of the Amrit Kaal vision of transforming India into a developed economy.
While Phase-I is underway, the focus has shifted to Phase-II, which involves growing economic output through widespread industrialization and increasing exports of manufactured goods and services. Supporting entrepreneurship, building an innovation ecosystem, focusing on sunrise sectors, and up-skilling the workforce have been some of the elements that are in focus under Phase-II.