State of Indian Infrastructure- Part 1
India celebrated its 74th Independence Day celebration yesterday. Prime Minister Modi, in his annual address to the nation, had announced several new measures. One of them is the declaration that India will spend more than ₹100 lakh crore (approx. $1.3 trillion in USD) on the National Infrastructure Pipeline Project. “There is a need to give a new direction to the overall infrastructural development of the country to move India towards modernity at a fast pace. This need will be met through the National Infrastructure Pipeline Project," he said” (Livemint), identifying 7000 projects which would be developed in this direction.
The country has been experiencing a downturn in its economy even before the pandemic hit. It is expected that these projects would focus more on aspects such as climate resiliency and sustainable energy access infrastructure into the recovery response to the COVID-19 crisis.
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