Accelerating Economic Growth
Firing up the engines of economic growth directly will require boosting exports of goods and services, fostering an attractive investment climate, developing cities and regions as growth engines, and advancing science and technology.
Our Strategy
Boosting exports in areas of labour-intensive manufacturing and services (electronics, apparel, footwear, toys, food processing, tourism, etc.) generates mass employment, drives consumption and investment, and makes economic growth inclusive and self-sustaining. The TCF network will therefore put in place strategies that can give India a 10% share of global merchandise exports—up from 1.8% at present—as well as enhance service exports. They will also promote strategies to boost infrastructure, urban planning, ease of doing business, and to make India a top science and technology innovator.

The Foundation for Economic Development (FED) has developed strong programmes to ramp up India’s competitiveness in manufacturing for exports, which have the potential to create 10 crore jobs and pull workers from (on a per capita basis) less-productive agriculture to more-productive industry. Cost disabilities coming in the way of export competitiveness exist in such areas as tariff rates, paucity of free trade agreements, taxation, land price and availability, labour law, building bye-laws, cost of capital, and logistics. In addition, the regulatory ecosystem is complex, burdensome, and uncertain for investors relative to competitor countries. FED and Prosperiti have drawn up detailed action plans for tackling all of these.

The Infravision Foundation and  Institute for Sustainability, Employment and Growth (ISEG) Foundation work on programmes to revamp urban infrastructure. To enhance the efficiency and sustainability of urban growth, city development plans must integrate all infrastructure sectors into spatial development plans, tackling issues such as housing and transport. ISEG Foundation provides economic master planning for cities, and advisory to states on such issues as blueprints and implementation plans for a specific employment intensive sector, investment attraction and execution or net zero transition. The Infravision Foundation evaluates infrastructure programmes and shares solutions in related investments and capacity building, especially in the area of Public Private Partnerships.

To enhance productivity and thus incomes, India must boost its tech capabilities.
The Foundation for Advancing Science and Technology (FAST India) works on schemes to achieve this. They include efficiently targeting the Anusandhan National Research Foundation (ANRF) fund through Grand Challenge Technology Missions that are problem-specific, time-bound, ecosystem-mobilising, and professionally managed, emulating global successes such as the US Defence Advanced Research Projects Agency (DARPA); rolling out the ‘Lab Stack’ Digital Public Infrastructure to seamlessly facilitate transactions across the research ecosystem; and revising the General Financial Rules (GFR) for science to improve the ease of doing science in India.

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In the Media

We are looking to collaborate on overseas employment and tourism.

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NITI Aayog launches ASSET platform to help states transition to green energy

NITI Aayog, in collaboration with the Ministry of Power and the Ministry of New and Renewable Energy, launched the ASSET platform (Accelerating Sustainable Solutions for Energy Transition) to support states in accelerating their green transition.

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Pahle India Foundation Makes Historic Debut at United Nations General Assembly

Pahle India Foundation (PIF) has said it is honoured and humbled to have participated in the Global Consortium: Partnership for a Lead-Free Future, a game-changing initiative launched at the United Nations General Assembly (UNGA) in New York today.

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Apple's Success in India Highlights Manufacturing as the Key to Solving India's Employment Challenge, Says Ashish Dhawan

Ashish Dhawan, CEO of The Convergence Foundation, highlights India's success in electronics manufacturing with Apple's rapid expansion as evidence. He urges further reforms to reduce regulatory hurdles and improve infrastructure.

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NITI Aayog’s economic master plan for MMR: 10 planned cities, 2 tourism hubs, 7 business districts

The central government’s think tank has also pitched for the construction of affordable housing to rehabilitate 2.2 million slum homes.

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NITI Aayog report on MMR: MMRDA and WEF sign deal

Speaking on the occasion, Fadnavis said 60% of the initiatives mentioned in the report had already been started or were in the process of being started by the state and another 40% were in the conceptual phase. The NITI Aayog report had been presented to the state govt in August.

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India needs to focus on labour-intensive exports, says Ashish Dhawan of Ashoka University

Dhawan said in order to increase exports, India has to go into mission mode. The country can acquire a larger global market share in labour-intensive sectors such as electronics, home interiors, toys, pharma and chemicals.

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Blueprint for becoming a global knowledge power

For Make in India to work, marry it to Invent in India. To that end, India should step up its R&D spending by 1% of GDP over the next decade.

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Deregulate to ease business breathing

The Budget 2025 has provided tax relief for the middle class and introduced plans for boosting exports with a ₹2,250 cr Export Promotion Mission. Additionally, a high-level committee for regulatory reforms will support industrial growth by addressing issues in tariffs, building regulations, and liberalising land and labour laws.

To know more about opportunities to collaborate, write to us at [email protected]

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The Convergence Foundation seeks to be a powerful catalyst in India’s development journey, by creating momentum around pivotal ideas that have the highest potential for transformational change.

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