Rapid infra modernisation; India to be developed nation by 2047: R K Singh

Union Power and New and Renewable Energy Minister R K Singh has stated that the swift modernisation of India’s infrastructure, encompassing roads, telecommunications, and electricity, will facilitate India’s transformation into a developed nation by 2047. The minister made this announcement during a press conference intended to spotlight the country’s infrastructure growth under the current Bharatiya Janata Party (BJP) -led government.

“The Budgetary Allocation for Capital Expenditure has nearly quintupled since 2014 and tripled in the past four years. Not only has capital expenditure seen an uptick, but the efficiency of capital utilisation has also shown improvement.