1st January, 2020
The government of India on Tuesday announced an ambitious plan to invest $1.43 trillion in various infrastructure sectors like ports, railways, and highways, among others.
Finance Minister Nirmala Sitharaman announced the mega plan, touted to achieve a $5 trillion economy in the next five years. However, she remained silent on the mode of funding for the infrastructure blueprint.
Announcing the blueprint for India’s infrastructure investments, Sitharaman said, “Prime Minister Narendra Modi had in his Independence Day speech spoken of investing in infrastructure. Subsequently, a task force identified $1.43 trillion worth projects after conducting 70 stakeholder consultations in a short period of four months”.
Under the blueprint, named the National Infrastructure Pipeline, investments will be made in the energy sector, agriculture, mobility, ports, highways, airports, and telecommunications.
Sitharaman did not disclose how it will be funded.