India’s highways infrastructure to match US by 2024: Nitin Gadkari
Indian Minister for Road Transport and Highways, Nitin Gadkari, has announced that India’s highways infrastructure will match that of the US by 2024. This ambitious goal is part of the government’s plan to invest heavily in the country’s infrastructure, including highways, railways, and airports, to spur economic growth and development.
The plan includes the development of 22 green expressways and the expansion of the country’s national highway network. The green expressways will be developed as part of the government’s focus on sustainable infrastructure, with a focus on reducing carbon emissions and promoting green transportation.
The government is also investing in the development of smart highways, which will use technology to improve safety and efficiency on the roads. This includes the implementation of intelligent transport systems, such as electronic toll collection and real-time traffic management, as well as the development of smart cities along major highways.
The investment in highway infrastructure is expected to have a significant impact on the Indian economy, creating jobs, boosting trade, and improving connectivity across the country. The government estimates that the investment will create 50 million jobs over the next five years and contribute to an increase in India’s GDP by 2-3%. The plan has also received support from the private sector, with several infrastructure companies expressing interest in investing in the development of highways and other infrastructure projects.
While the plan is ambitious, there are concerns about its feasibility, particularly given the challenges facing the Indian economy and the infrastructure sector. The COVID-19 pandemic has had a significant impact on the Indian economy, with GDP contracting by 7.7% in 2020-21. There are also concerns about the ability of the government to finance such a massive infrastructure plan, particularly given the high levels of public debt.
Despite these challenges, the government remains optimistic about the plan’s potential to spur economic growth and development, particularly in the post-pandemic era. The focus on sustainable and smart infrastructure also aligns with the government’s goals of promoting green growth and improving the quality of life for all citizens.
In conclusion, India’s plan to match the US in highway infrastructure by 2024 is an ambitious goal, but one that has the potential to drive economic growth and development across the country. The focus on sustainable and smart infrastructure is particularly encouraging, as it aligns with the government’s goals of promoting green growth and improving the quality of life for all citizens. However, the plan will require significant investment and careful planning to ensure its success, particularly given the challenges facing the Indian economy and the infrastructure sector.
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