Modi 2.0: Shorn of investments, infrastructure sector at a crossroads

When Prime Minister Narendra Modi began his second tenure in May 2019, he placed emphasis on achieving the ambitious target of turning India into a $5 trillion economy by 2024.

With the target of $5 trillion economy in mind, Modi 2.0 set up a task force which led to the formation of the National Infrastructure Pipeline (NIP).

India needs to spend about $1.4 trillion (Rs 100 lakh crore) over these years on infrastructure, NIP said in a report.

“Sectors such as energy, roads and railways would amount to around 70 percent of the projected capital expenditure in infrastructure in India,” the report said.

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