Newdelhi:22/7/19:The Narendra Modi Government has completed fifty days in office in its second term.
Prime Minister Narendra Modi has already laid down the vision of India becoming a Five-trillion dollar economy by 2024-25.
India needs to grow at eight per cent per year to be a Five-trillion economy by then.
Indian economy is expected to grow at 6.8 per cent in 2018-19 while maintaining macro-economic stability.
Infrastructure is important for faster economic growth and alleviation of poverty in the country.
Our correspondent takes a look at some of the major initiatives taken by the NDA Government in the infrastructure sector.
A special emphasis is being given to the development of infrastructure with the vision to make India a five trillion-dollar economy by 2025.
Our economy was 1.85 trillion US dollars when NDA Government came to power in 2014 and within five years, it reached 2.7 trillion dollars.
The initiative includes approval of handing over existing Bharat-Net infrastructure to the Common Service Centres for optimum utilization and for providing of Wi-Fi access points in 90,000 Gram Panchayats at a cost of 1,440 crore rupees.
Measures have been proposed to enhance the sources of capital for infrastructure financing. These include Credit Guarantee Enhancement Corporation to be set up in 2019-2020, an Action plan to deepen the market for long-term bonds with a focus on infrastructure and one hundred lakh crore rupees investment in the next five years.