This ongoing infra-trend is motivated by political interests of parties. As now the politics is changing from distributive politics, politics of giveaways and subsidies to visual asset based politics.
Now the voters cannot be manipulated from the freebies as they now demand for a visual development, something which is evident and visible.
This transition of political orientation is really a great opportunity for India to grow and become more advanced and developed in terms of economy. Also in the new budget of 2023, government has allocated Rs 10 Lakh Crores to Capital Expenditure which is highest on record
So here in this blog we shall list 3 infrastructural projects that will help India boost its economy.
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| Source - IndiaBulls Real Estate |
Bharatmala:
India with its second largest road network still lags behind in the proportion of highways and expressways in its road network which accounts to only 1.94%.
And hence to increase the proportion of highways and expressways the Indian Government has launched a project ‘Bharatmala’.
The foundation of this project was laid on 31st July 2015 and its phase 1 was earlier estimated to be completed by 2022, but due to pandemic, the project got delayed and is now expected to be completed by 2024.
And soon they will also start with phase 2 which will aim at achieving the same target.
The project aims to develop 83,677 km of highways and expressways connecting states including Rajasthan, Haryana, Gujarat, Punjab, all Himalayan states, Sikkim, Assam, Mizoram, Manipur and Arunachal Pradesh.
Under phase 1 they have aimed to construct 34,800 km of the set target with a budget of $87 billion.
Benefits That Our Nation Will Be Getting From This Project?
Apart from this the project will also contribute in development of various manufacturing, small and medium size firms.
It will also help in generating employment, as estimated it will generate 100 million man days of job and 22 million permanent jobs due to economic benefits the project will give.
Dedicated Freight Corridor:
And hence to increase the proportion of highways and expressways the Indian Government has launched a project ‘Bharatmala’.
The foundation of this project was laid on 31st July 2015 and its phase 1 was earlier estimated to be completed by 2022, but due to pandemic, the project got delayed and is now expected to be completed by 2024.
And soon they will also start with phase 2 which will aim at achieving the same target.
The project aims to develop 83,677 km of highways and expressways connecting states including Rajasthan, Haryana, Gujarat, Punjab, all Himalayan states, Sikkim, Assam, Mizoram, Manipur and Arunachal Pradesh.
Under phase 1 they have aimed to construct 34,800 km of the set target with a budget of $87 billion.
Benefits That Our Nation Will Be Getting From This Project?
Apart from this the project will also contribute in development of various manufacturing, small and medium size firms.
It will also help in generating employment, as estimated it will generate 100 million man days of job and 22 million permanent jobs due to economic benefits the project will give.
Dedicated Freight Corridor:
DFC is an infrastructural project aimed to reclaim railway’s share in freight transportation.
Around the 1950s railways had a share of 85% in freight transportation which further reduced and now stands at 27% as it has lost all its share to road transportation.
The foundation of the project was laid in 2006 but the first construction project was given in 2013 and then there were again several halts to the project due to environmental clearances, land acquisition, and pandemic.
After such delays the government has still estimated for the project to yield results by 2030 as they expect the share of railways in freight transportation to be 45%.
What Are the Reasons for Decline in Share?
The reason is inefficient management, railways don't have dedicated tracks for freight transportation and due to this the transportation of goods takes a lot of time and incurs huge costs.
And this resuts in increased prices of goods which consequently declines its demands in the international market.
Why Are Railways Better Alternative for Freight Transportation?
Railways are comparatively better for freight transportation than Road transport as it has the ability to carry large volumes of goods at one go.
And if we crack the problem of inefficiency with DFCs it can change the game of logistics and trade.
Benefits That Our Nation Will Be Getting From This Project?
The benefits of DFCs were evident in April 2022 when the thermal power plants of our country faced power outages, then coal was rushed from Eastern parts of the country to Northern and Western parts using DFCs.
Sagarmala:
Around the 1950s railways had a share of 85% in freight transportation which further reduced and now stands at 27% as it has lost all its share to road transportation.
The foundation of the project was laid in 2006 but the first construction project was given in 2013 and then there were again several halts to the project due to environmental clearances, land acquisition, and pandemic.
After such delays the government has still estimated for the project to yield results by 2030 as they expect the share of railways in freight transportation to be 45%.
What Are the Reasons for Decline in Share?
The reason is inefficient management, railways don't have dedicated tracks for freight transportation and due to this the transportation of goods takes a lot of time and incurs huge costs.
And this resuts in increased prices of goods which consequently declines its demands in the international market.
Why Are Railways Better Alternative for Freight Transportation?
Railways are comparatively better for freight transportation than Road transport as it has the ability to carry large volumes of goods at one go.
And if we crack the problem of inefficiency with DFCs it can change the game of logistics and trade.
Benefits That Our Nation Will Be Getting From This Project?
The benefits of DFCs were evident in April 2022 when the thermal power plants of our country faced power outages, then coal was rushed from Eastern parts of the country to Northern and Western parts using DFCs.
Sagarmala:
Around 90% of India’s external trade occurs through ocean routes, i.e water transportation. By looking at the share of water transportation, you can clearly understand its importance and the need of developing it.
This project was first initiated in 2003 under Atal Bihari Vajpayee’s leadership but then the government changed and the project was delayed. This project was then launched again in 2015.
There is a need to develop Indian water transportation as we are still not fully utilising its potential.
Hence the sole vision of Sagarmala project is to utilise the full potential of India’s water transportation by developing its 7,500 km long coastline, 14,500 km of waterways.
Benefits That Our Nation Will Be Getting From This Project?
This project was first initiated in 2003 under Atal Bihari Vajpayee’s leadership but then the government changed and the project was delayed. This project was then launched again in 2015.
There is a need to develop Indian water transportation as we are still not fully utilising its potential.
Hence the sole vision of Sagarmala project is to utilise the full potential of India’s water transportation by developing its 7,500 km long coastline, 14,500 km of waterways.
Benefits That Our Nation Will Be Getting From This Project?
Hence, these are some of the infrastructural projects that are aiming at making the Indian Economy the world’s topmost economy.
These projects have a clear vision and aim and that is to increase the ease of doing business, to increase the domestic as well as international trade that will help Indian Economy to achieve its unprecedented growth.
These projects have a clear vision and aim and that is to increase the ease of doing business, to increase the domestic as well as international trade that will help Indian Economy to achieve its unprecedented growth.
Written by - Priyal Sharma
Edited by - Anushka Dabhade
This article has been authored exclusively by the writer and is being presented on Eat My News, which serves as a platform for the community to voice their perspectives. As an entity, Eat My News cannot be held liable for the content or its accuracy. The views expressed in this article solely pertain to the author or writer. For further queries about the article or its content you can contact on this email address - priyalsharma4581@gmail.com
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