Topic– Infrastructure: Energy, Ports, Roads, Airports, Railways etc.
7) Infrastructure development has witnessed significant impetus in India in the recent years. Discuss. (250 words)
Why this question
Indian needs a huge corpus of investment in order to cope up for its infrastructure deficits. The sector has witnessed moderate growth recently and the government has also initiated various steps to boost investment in infrastructure sector.
Discuss- this is an all-encompassing directive which mandates us to write in detail about the key demand of the question. we also have to discuss about the related and important aspects of the question in order to bring out a complete picture of the issue in hand.
Key demand of the question.
The question wants us to write in detail about the status of infrastructure growth in India and bring out in detail the impetus received by the sector recently.
Structure of the answer
Introduction– write a few introductory lines about India’s infrastructure sector- Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. Infrastructure sector includes power, bridges, dams, roads and urban infrastructure development. I
Discuss the impetus received by the sector in recent years. E.g In 2016, India jumped 19 places in World Bank’s Logistics Performance Index (LPI) 2016, to rank 35th amongst 160 countries; Foreign Direct Investment (FDI) received in Construction Development sector (townships, housing, built up infrastructure and construction development projects) from April 2000 to June 2018 stood at US$ 24.87 billion, according to the Department of Industrial Policy and Promotion (DIPP). The logistics sector in India is growing 10 per cent annually and is expected to reach US$ 215 billion in 2019-20; the Asian Infrastructure Investment Bank (AIIB) has announced US$ 200 million investment into the National Investment & Infrastructure Fund (NIIF); Massive push to the infrastructure sector by allocating Rs 5.97 lakh crore (US$ 92.22 billion) for the sector, in budget 2018-19; mention about some of the major infrastructure development projects in the country like the Sahaj Bijli Har Ghar Yojana (Saubhagya) scheme, which aims to achieve universal household electrification in the country; Green Energy Corridor Project along with other wind and solar power projects; smart cities mission; Pradhan Mantri Awas Yojana etc.
Conclusion- based on your discussion, form a fair and a balanced conclusion on the given issue.