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Economic Policy - Vision & Guidelines

AAM AADMI PARTY: ECONOMIC AGENDA

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VISION FOR THE ECONOMY

Aam Aadmi Party (AAP) envisions a balanced development model for India that fosters a dynamic, equitable and ecologically sustainable economy where…

·      Every Indian is free from hunger and illiteracy

·      All citizens have affordable access to basic needs

·      Farmers can prosper and secure their livelihood

·      Youth are assured livelihood and gainful employment

·      Honest entrepreneurship is encouraged and thrives

·      People are empowered and have opportunities to realize their fullest potential

·      Human and ecological capital are continually enriched

…in a fair policy environment backed by participatory, transparent, and accountable institutions.

 

GUIDING PRINCIPLES FOR ECONOMIC POLICY

AAP draws its economic vision from its political beliefs that are rooted in decentralised governance, transparency, accountability, and equity. Moreover, it believes that India needs to evolve a distinctive development model, given the aspirations of India’s citizens and the scale and complexity of its challenges. This model will be continuously refined as AAP involves a growing cross-section of Indians in the policy-making process and incorporates evidence-based learning. AAP believes in an open-minded, holistic approach that is not limited by ideological orthodoxies in both domestic and international economic governance. It is neither Left nor Right and will support every good idea, old or new, if it is in the interest of India. Above all, AAP’s economic policy discourse will always be rooted in six guiding principles, inspired by the Indian Constitution’s Directive Principles of State Policy.

1.     Facilitating robust economic growth with holistic well-being: AAP’s policies seek to place India on a sustainable, equitable, globally competitive, and high-growth trajectory. AAP believes that a dynamic, robust economy cannot be sustained by a fragile and inequitable society. Therefore, AAP’s idea of development is in harmony with the needs, skills, resources, and aspirations of the common man. Its policies aim to empower every citizen to attain the highest level of fulfilment across the hierarchy of needs: from roti, kapda and makaan to security, dignity and personal potential. It also believes in integrating economic and environmental policies, to render them increasingly consistent over time; in maximizing the wellbeing today, without compromising the ability of future generations to do so.

2.     Creating decent jobs and gainful employment for our youth: Apart from the alarming existing unemployment and underemployment levels across age groups, India has over 10 million new youth seeking jobs every year. AAP is committed to tapping India’s demographic dividend through a robust economic programme that is focused on creating decent employment and livelihood opportunities for young women and men in honest enterprises across agricultural, manufacturing, or services sector. AAP seeks to afford greater opportunities for lifelong learning and skilling so as to encourage both continued individual and national growth.

3.     Unleashing India’s entrepreneurial potential: The scale of sustainable growth and livelihood creation for which India aspires cannot be met unless we tap into the irrepressible Indian entrepreneurial spirit. AAP will endeavour that every enterprising citizen or community has access to capital, information, and infrastructure, such that innovative and productive entrepreneurship – across all the 640 districts in India – becomes the new engine for accelerating growth in our country. AAP believes that the government should encourage honest enterprise through lower compliance costs and a corruption-free environment, the provision of efficient and reliable infrastructure and services, and incentivizing productive innovation. AAP’s policies will aim to foster healthy competition in the market economy and curb monopolistic and anti-competitive practices.

4.     Reinvigorating the rural economy: For an equitable, pan-national, and sustainable growth, AAP will strive to provide all necessary amenities for sound farming practices and productive enterprises to proliferate in hereto neglected rural India. In line with its call for Swaraj, AAP believes that the people in rural areas have an equal right to all the basic facilities enjoyed by their urban counterparts. AAP seeks to counter the growing trend of migration under economic distress through a concerted push in traditional industries, small-scale enterprises, and agricultural sector, with better infrastructure availability, easy access to formal credit, appropriate technological interventions, and support for fair pricing. A vibrant decentralized rural economy with a prosperous agricultural sector is pivotal in creating a wide economic base and ensuring the long-term food, energy, and ecological security of India. AAP's policies will emphasize sustainable use of natural resources to safeguard and enhance livelihoods and offer requisite protection to the commons.

5.     Empowering citizens, particularly the poor and vulnerable: AAP believes that through the empowerment of the citizens of India, the government’s development efforts can be both better-directed and amplified manifold. AAP will recall the face of the poorest and the weakest when contemplating any economic measure to ensure that its policies do not disadvantage them in any way and that they can contribute their talents towards India’s prosperity. While combating abject poverty, AAP will seek to rectify structural shortcomings and not merely pay lip service to social security through measures that induce greater dependency in the long run. AAP believes that the poor are best helped by empowering them with enhanced capability and the means to earn their livelihood with dignity. In case of those incapacitated and unable to engage in productive employment, AAP will try to facilitate a social security net that allows for a dignified existence.

6.     Establishing participative and accountable institutions: AAP favours an efficient, accountable, and transparent government that ensures an appropriate and timely implementation of its policies and conducts regular review of its performance. AAP views people from all walks of life as a source of ideas and as principal stakeholders in their own economic destiny. Hence, AAP will ensure that India retains economic sovereignty with the widest possible engagement of its citizens in decision-making. AAP believes that India has, broadly, three kinds of settlements – metropolitan cities, small towns, and villages. Accordingly, policy-making will strive for decentralization with devolution of autonomy closest to the people in all three locations. AAP’s model of economic governance will be participative and consultative so as to foster a deep and lasting synergy between the social, economic, political, and ecological aspects of the lives of all Indians.

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