Oxford study lauds PRAGATI system for fast-tracking projects

• A recent study by Oxford University’s Saïd Business School (SBS) has lauded Prime Minister Narendra Modi’s PRAGATI infrastructure monitoring system for accelerating 340 projects worth $205 billion across the country and bringing about economic transformation.

Highlights:

• A recent study by Oxford University’s Saïd Business School (SBS) has recognized Prime Minister Narendra Modi’s PRAGATI infrastructure monitoring system for its role in accelerating 340 projects worth $205 billion, fostering economic transformation across India.

Study Overview

• Title and Authors:
  • The study, "From Gridlock to Growth: How Leadership Enables India’s PRAGATI Ecosystem to Power Progress," was authored by Soumitra Dutta, Dean of SBS, and co-authored by Mukul Pandya, an associate fellow.
• Presentation:
  • Findings were presented at a symposium hosted by the Indian Institute of Management-Bangalore.

PRAGATI: A System for Governance Innovation

• Meaning and Objectives:
  • PRAGATI, an acronym for Pro-Active Governance and Timely Implementation, has focused on close monitoring and timely completion of infrastructure projects since 2015.
• Cultural Shift:
  • It fosters a Team India mindset, promoting accountability and efficiency while addressing bureaucratic hurdles.

Collaborative and Technological Advancements

• Stakeholder Engagement:
  • PRAGATI integrates Central and State governments onto a unified platform, resolving challenges like land acquisition and inter-ministerial coordination.
• Use of Technology:
  • The system utilizes real-time data, drone feeds, and video conferencing to expedite projects and ensure development reaches remote regions.

Economic Impact of PRAGATI

• Multiplier Effect:
  • Research from the Reserve Bank of India and the National Institute of Public Finance and Policy indicates that every rupee invested in infrastructure yields a GDP return of ₹2.5 to ₹3.5.
• Enhanced Quality of Life:
  • By fast-tracking projects related to roads, railways, water, and electricity, PRAGATI has significantly improved living standards.

Sustainability and Inclusivity

• Environmental Focus:
  • PRAGATI integrates sustainability by facilitating faster environmental clearances and encouraging green technologies.
• Inclusive Development:
  • Its holistic approach ensures that development benefits all sections of society.

Global Relevance and Lessons Learned

• Combating the Middle-Income Trap:
  • The study highlights PRAGATI’s relevance for nations facing economic stagnation, emphasizing how governance innovation and strategic infrastructure investments can drive sustainable growth.
• Model for Progress:
  • PRAGATI demonstrates that combining leadership with modern technology can yield significant economic and social advancements.

Prelims Takeaways

• PRAGATI infrastructure monitoring system
• National Institute of Public Finance and Policy