New Delhi: Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102 lakh crore of infrastructure projects that will be implemented in the next five years as part of the government’s spending push in the infrastructure sector.
Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing Rs 100 lakh crore in infrastructure.
Subsequently, a task force identified Rs 102 lakh crore worth of projects after conducting 70 stakeholder consultations in a short period of four months, she said.
The minister said another Rs 3 lakh crore of projects are likely to be added to this pipeline.
These projects are on top of Rs 51 lakh crore spent by the Centre and the states during the last six years, she said adding the new pipeline consists of 39 per cent projects each by the Centre and states and the balance by 22 per cent by private sector.
She said the projects identified are in sectors such as power, railways, urban irrigation, mobility, education and health.
Nearly Rs 25 lakh crore energy projects have been lined up, the minister said, adding that another Rs 20 lakh crore in road and nearly Rs 14 lakh crore railway projects have been lined up.
She said the projects in power including renewable sector, railways, urban development, irrigation, mobility, education, health, water and digital.
These sectors will form the bulk of the infrastructure investment under National Infrastructure Pipeline being announced on Tuesday, Sitharaman said.
The finance minister said Rs 102 lakh crore National Infrastructure Projects will help make India a USD 5 trillion economy by 2025.
Also read:Govt plans Rs 2.5 trillion-worth power reforms to boost infrastructure
Where will the money come from?
Sahi farmaaya, Janaab. In the first eight months of the current financial year, the fiscal deficit is over Eight trillion, 115% of the figure budgeted till next March. There are times when FM must feel nostalgic about her earlier avatar as National Spokesperson for her party, tearing into the government for its failings on the economic front.
Is government ke liye sab maaya hai! That’s why the hate hard data.
That is $ 1.4 trillion. Mushqil lagta hai.