Indian Economy is now ailing. Along with slowing growth, more-than-desirable inflation raises the fear of a condition called stagflation. In an economy burdened with stagflation, there will be an unusual rise in the price of various commodities even when the demand is low. However, due to low demand, the production falls, which may result in mass unemployment.
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The main focus of the infra sector is on the Rs 1.03 lakh crore National Infra Pipeline scheme.
NEW DELHI: Union finance minister Nirmala Sitharaman unveiled Rs lakh crore of infrastructure projects, under National Infrastructure Pipeline , that will be implemented in the next five years as part of the government's spending push in the infrastructure sector. What are key benefits of National Infrastructure Pipeline NIP Economy: Well-planned NIP will enable more infra projects, grow businesses, create jobs, improve ease of living, and provide equitable access to infrastructure for all, making growth more inclusive. Government: Well-developed infrastructure enhances level of economic activity, creates additional fiscal space by improving revenue base of the government, and ensures quality of expenditure focused in productive areas. These projects are on top of Rs 51 lakh crore spent by the Centre and the states during the last six years, Sitharaman said adding the new pipeline consists of 39 per cent projects each by the Centre and states and the balance by 22 per cent by private sector. Subsequently, a task force identified Rs lakh crore worth of projects after conducting 70 stakeholder consultations in a short period of four months, finance minister Nirmala Sitharaman said. She further stated that another Rs 3 lakh crore of projects are likely to be added to this pipeline. Navbharat Times. Featured Today in Travel.
Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21
The minister said Rs lakh crore projects, under the National Infrastructure Pipeline NIP , was launched in line with Prime Minister Narendra Modi's announcement of Rs lakh crore infrastructure investment in five years. NIP was launched on December 31, with Rs lakh crore project pipeline These new projects include housing, safe drinking water, clean energy, health, modern railway, airport, metro bus, logistics Sitharaman said: "NIP is improving the ease of living for every citizen. Generic and sectoral reforms are there There is huge employment opportunity in construction, operation and maintenance of projects. Besides, accelerated development of highways will be taken up with 2, km access controlled highways and 9, km of economic corridor. In addition, there will be 2, km each of strategic highway projects and port connectivity projects, she said. The minister said Delhi-Mumbai Expressway and two other projects will be completed by and 12 highway projects worth 6, km will be monetised before
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