MUMBAI: India needs to start adding to its power generation capacity if it hopes to support industrial growth to achieve its ambitions of becoming a $5 trillion economy by 2024-25, and the government needs to take the lead as private companies are not in a position to invest in the sector, said the head of power business at Larsen & Toubro. <\/p>\n
The government has set a target of $3 trillion economy by the end of 2019-20, and of propelling the country to a $5 trillion economy by 2024-2025, which requires 8-9% growth every year for the next few years, as compared to the five-year low of 6.8% clocked in 2018-19. <\/p>\n
\u201cIndia is aiming to be a $5 trillion economy in the next five years, for which industrial growth needs to accelerate. If we don\u2019t add power generation capacity now, that plan will be unachievable,\u201d L&T Power CEO Shailendra Roy told ET in an interview. <\/p>\n","protected":false},"excerpt":{"rendered":"
MUMBAI: India needs to start adding to its power generation capacity if it hopes to support industrial growth to achieve its ambitions of becoming a $5 trillion economy by 2024-25, and the government needs to take the lead as private companies are not in a position to invest in the sector, said the head of power business at Larsen & Toubro. The government has set a target of $3 trillion economy by the end of 2019-20, and of propelling the country to a $5 trillion economy by 2024-2025, which requires 8-9% growth every year for the next few years, as […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-287158","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287158"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287158\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}