Over the past ten years, India has made significant expenditures in infrastructure development as the government prioritises this industry as a crucial engine of economic growth. To support infrastructure growth, a number of programmes have been implemented, including the National Infrastructure Pipeline (NIP), Make in India, and the production-linked incentives (PLI) pro...Read more
Over the past ten years, India has made significant expenditures in infrastructure development as the government prioritises this industry as a crucial engine of economic growth. To support infrastructure growth, a number of programmes have been implemented, including the National Infrastructure Pipeline (NIP), Make in India, and the production-linked incentives (PLI) programme. Lets look at the developments made in the many areas of infrastructure development throughout this time.
Roads and Highways:
From Rs. 33.31 thousand crores in 2014–15 to Rs. 2.70 lakh crore in 2022–23, the budgetary allotment for roads and highways has increased by an impressive 8 times. Compared to roughly 12 km per day in 2013–2014, the rate of highway construction has increased to a record high of about 37 km per day in 2021. Additionally, since 2014, the overall length of National Highways has grown by more than 66%, rising from around 91.3 thousand km to more than 1.44 lakh km as of December 2022. India has set a goal of building 60 km of motorways every day and is actively seeking investment in its road and highway infrastructure.
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