Infra Development: The Way Forward
The path for India to become a $5 trillion economy in the next
5 years goes through infrastructure development, writes S.K. Khanna
Although the Indian economy has been facing macro-economic ups and down due to global economic gloom, it has managed to remain stable, recording moderate growth rate consistently. Braving all the problems beyond its control, it has improved its global economic ranking, and notching up to 6th position from 11th in 2018. With these credentials, India is aspiring to become a $5 trillion economy in the next 5 years. The maiden Budget of the new Finance Minister presented on July 5, contains an elaboration on the vision for making India a five-trillion dollar economy by 2023-24 through a fresh thrust on infrastructure development, digital economy, private investment, fiscal discipline, structural reforms, provision of credit growth / financing by the capital market, commitment to improve financial system which can promote private sector investment cycle, and contain imprudent borrowing.
5 years goes through infrastructure development, writes S.K. Khanna
Although the Indian economy has been facing macro-economic ups and down due to global economic gloom, it has managed to remain stable, recording moderate growth rate consistently. Braving all the problems beyond its control, it has improved its global economic ranking, and notching up to 6th position from 11th in 2018. With these credentials, India is aspiring to become a $5 trillion economy in the next 5 years. The maiden Budget of the new Finance Minister presented on July 5, contains an elaboration on the vision for making India a five-trillion dollar economy by 2023-24 through a fresh thrust on infrastructure development, digital economy, private investment, fiscal discipline, structural reforms, provision of credit growth / financing by the capital market, commitment to improve financial system which can promote private sector investment cycle, and contain imprudent borrowing.
This is a premium article available exclusively for our subscribers.
If you are already a subscriber, please Login
If not, subscribe now and get access to well researched articles & reports on infrastructure construction, equipment & machinery, innovations & technology, project reports, case studies, and more. All this by simply paying just ₹200/- for a month of complete portal access, or a discounted rate of ₹1000/- for a full year of access.