The infrastructure sector forms the core engine of any economy. It has significant linkages to all the other sectors of the economy and powers the GDP of the country. Capital Spending on the Infrastructure spans highways, power plans (solar, nuclear, Hydrol, wind), telecommunications, rail corridors, airports, seaports etc.
The government has identified priorities to make India a $5 trillion economy. These include developing manufacturing facilities within India with ‘Make in India’ and many Production Linked Incentive (PLI) schemes. The government also wants to reduce reliance on imports. This again calls for building domestic manufacturing capabilities and building logistics facilities that make the movement of goods easier.
The foundation for stronger economic growth backed by infrastructure development in India has been built by a number of structural changes for the country’s infrastructure sector. Various initiatives like the Ujala scheme, rural electrification have been accelerated. More schemes have been launched and we will cover a few of them below given the major impact they have in creating infrastructure.
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