The Modern Government Policy: “Being Speedy, Engaging, Impactful, Innovative & Inclusive.”

India is all set to overtake the U.S. to become the world’s second-largest economy by 2075. The future of government is knocking on the door – it may be a little early, but with visible policy-making and speedy service innovations as public policy initiatives revolving around regulations, optimized financial allocations, governing laws & rules, monitoring mechanisms, and impact-driven directions. The modernization of the government has to be a little polarised towards the visibility of heightened response mechanisms to foster trust and mutual understanding to achieve public management objectives.

A vital trend has been observed in the past decade globally. Speedy and pocketed use of technology juiced up with measurable use of data and a futuristic approach, has become an integral part of the modern or to-be current government for an impact-oriented public policy initiative for a better tomorrow and beyond boundaries. One of the key initiatives for the next 50 years is to extend financial stability and independence to the state government with subsidized funding, such as POLICY SUPPORT, to meet ever-increasing global demand for financial and non-financial infrastructure and to develop collaborative partnerships to attract Foreign Direct Investments (FDIs).

The Macro Trends of India’s Growth:

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Engaging regularly with citizens of the country, the producers, the enablers, the innovators, and business entrepreneurs has helped policymakers a lot in formulating the correct dose of impact for the good days ahead with great possibilities for each section of the community. The modern government should be ready to understand the priorities and roadblocks to growth better, and its policymaker’s prime agenda should be to create programs that can act as catalysts to economic stability.

India has emerged as the 3rd largest ecosystem for startups globally with over 99,000 DPIIT-recognized startups across 670 districts of the country as of 31st May 2023. Of these, approx. 20% are tech startups. With the Make in India and Made In India approach, the modern government is focused on increasing the capital flow in the Indian market, which strengthens the economy with connected infrastructure and reduced dependability upon foreign goods and services.