Economic Survey 2020: Investments of $1.4 trillion in infra by FY25 to prop up growth
Economic Survey 2020: In line with the National Infrastructure Pipeline, unveiled by finance minister Nirmala Sitharaman on December 31, the Survey also pegged India’s infrastructure investment at $1.4 trillion by 2024-25 and said the projected investment could propel India to a $5-trillion GDP in 5 years.
“For a smooth and fast development, India needs adequate and timely investment in quality infrastructure,” the survey said. However, apart from other bottlenecks, challenge remains in stepping up of annual investment; but the lack of infrastructure should not become a binding constraint on the country’s growth.
NIP projected Rs 102 lakh-crore spend on infrastructure between 2020 and 2025, of which energy (24%), roads (19%), urban (16%) and railways (13%) amount to over 70% of the projected expenditure.
