Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey

The share of the private sector in the National Infrastructure Pipeline (NIP) is likely to touch 30 per cent by 2025, Chief Economic Advisor Krishnamurthy Subramanian said in the Economic Survey 2020 tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday.

Investment in Infrastructure is necessary for growth. To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs 100 trillion) over these years on infrastructure.

The challenge is to step-up annual investment so that lack of infrastructure does not become a binding constraint to the growth of the Indian economy, he said, adding that to implement an infrastructure programme of this scale, it is important that projects are adequately prepared and launched.