National Infrastructure Pipeline projected investment of Rs 111 lakh crore for FY20-25. Survey notes India needs continued stepping up of infra investment to sustain high growth rate.
Roads Minister Gadkari says infrastructure has got primacy in the Budget for the first time, will have a cascading effect on other sectors like steel & cement.
Even amid expenditure curbs during lockdown, govt had asked infra ministries to spend. There are many ongoing projects that could create jobs & boost growth.
Health ministry has asked for regular updates from states & UTs for schemes under National Infrastructure Pipeline that Modi announced on Independence Day 2019.
Govt has already identified about 7,000 projects in different sectors that will be part of the National Infrastructure Pipeline, PM Modi says in I-Day address.
Department of Economic Affairs is said to be making a push to ensure central & state govts try to recover the operational costs of big-ticket infra projects.
To help India become a $5-trillion economy, the National Infrastructure Pipeline has been unveiled. But the big constraint is money willing to be locked up for years.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
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