Summary:
Infrastructure projects will include social and economic infrastructure projects.
To implement an infrastructure program of this scale, it is important that projects are adequately prepared and launched.
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Dinesh Sharma
New Delhi, Sept.
7: The Government of India gas set up a Task Force to speed up the construction of world-class infrastructure in order to give a fillip to the all-round economic development in the country.
Investment in the infrastructure is necessary to sustain a high rate of economic growth.
The Task Force headed by the Secretary, Department by the Department of Economic Affairs, will map out a National Infrastructure Pipeline for each of the years from the financial year 2019-20 to the financial year 2025.
Other members of the Task Force will include CEO of NITI Ayog and Secretaries of Expenditure and Administrative Ministry.
To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs.
100 lakh crore) over these years on infrastructure.
In the past decade (FY 2008-17), India invested about $1.1 trillion on infrastructure.