Infrastructure deficit: PM Narendra Modi government achieved major success in FY18

Infrastructure deficit: PM Narendra Modi government achieved major success in FY18

It may take several more years to bridge the country’s yawning infrastructure deficit, but there has been tangible progress on the ground in the last couple of years. According to official data reviewed by FE, laying of new railway lines and electrification of rural BPL households exceeded the targets by wide margins in 2016-17 while passenger-handling capacity at airports also surpassed the goal. Besides, the year’s achievements were at par with the targets in case of cargo handling at ports and addition of new-and-renewable-energy capacities. India also built rural roads not much less than planned in the last financial year. The physical progress was, however ,behind targets in the construction of highways and doubling of railway lines.

Half of the 12th Five-Year Plan investments of Rs 38 lakh crore in 12 specified infrastructure sectors materialised in 2015-16 and 2016-17, the last two years of the Plan period.  Read More…

 

Credit By : The Financial Express

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