National Infrastructure Pipeline
Recently, the Government has released a report of the task force on National Infrastructure Pipeline for 2019-2025.
Earlier, the Prime Minister in his Independence Day speech 2019 had highlighted that ₹100 lakh crore would be invested on infrastructure over the next 5 years.
The emphasis would be on ease of living: safe drinking water, access to clean and affordable energy, healthcare for all, modern railway stations, airports, bus terminals and world-class educational institutes.
Task Force was constituted to draw up the National Infrastructure Pipeline (NIP) for each of the years from financial years 2019-20 to 2024-25.
National Infrastructure Pipeline
NIP will enable a forward outlook on infrastructure projects which will create jobs, improve ease of living, and provide equitable access to infrastructure for all, thereby making growth more inclusive.
NIP includes economic and social infrastructure projects.
During the fiscals 2020 to 2025, sectors such as Energy (24%), Roads (19%), Urban (16%), and Railways (13%) amount to around 70% of the projected capital expenditure in infrastructure in India.
It has outlined plans to invest more than ₹102 lakh crore on infrastructure projects by 2024-25, with theCentre, States and the private sector to share the capital expenditure in a 39:39:22 formula.
