On India’s 75th Independence Day, ‘PM Gati Shakti Master Plan’, was launched, with Rs. 100 lakh-crore project for developing ‘holistic infrastructure’.
Context
On India’s 75th Independence Day, ‘PM Gati Shakti Master Plan’, was launched, with Rs. 100 lakh-crore project for developing ‘holistic infrastructure’.
About PM Gati Shakti Master Plan
- PM Gati Shakti Plan is a national infrastructure master plan.
- It aims to make a foundation for holistic infrastructure and give an integrated pathway to the economy.
Focus area of the project:
- To act as a source of employment opportunities for the youth in future.
- To help raise the global profile of local manufacturers and help them compete with their counterparts worldwide.
- To raise possibilities of new future economic zones.
Infrastructure sector
- Infrastructure is a major sector that propels overall development of the Indian economy.
- As per Indian Infrastructure Sector in India Industry Report, India plans to spend US$ 1.4 trillion on infrastructure between 2019 to 2023, which is predicted to boost the expansive growth of the sector.
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