Shakti DubeyAIR 1 · CSE 2024 · 213 wordsTheir whole copy
Opening · a figure
According to world bank - for every ₹ 1 investment on infrastructure the GDP of the India will increase by ₹ 4. Which clearly indicates the cascading effect of more investments in infrastructure sector.
Body · points
Delays in infrastructure projects :-
(A) Causes :-
(1) regulatory compliances (2) delays in environmental clearances (3) lack of interdepartmental collaboration (4) Lack of ease of doing business (5) lack of investments especially from private sector. (6) challenges because of environmental impact assessment (7) Political interference, etc
Impact of such delays :-
(1) Stalling of overall development of the region (2) leads to cost overrun (3) decreases confidence of private sector in government (4) impact socio-economic development
Solution :-
(1) increase in government investment in infrastructure projects which will lead to crowding in effect (2) Boost public-private partnership in infrastructure sector (3) Provide for a single window clearance. (4) Decrease political & bureaucratic interference (5) Improve ease of doing business (6) easy compliances & reduce red tapism
This will help in ensuring: (1) Timely completion of projects (2) Avoid excessive burden on public exchequer (3) Risk diversion & diversification with involvement of private sector (4) Boost economic growth
Close · a vision
Thus will help India in acheving it's vision of being a developed economy by 2047 - through the period of Amritkaal