<span style="color: #222222;">The Narendra Modi Government has completed fifty days in office in its second term.&nbsp;<br />''<br />''Prime Minister Narendra Modi has already laid down the vision of India becoming a Five-trillion dollar economy by 2024-25.&nbsp;<br />''<br />''India needs to grow at eight per cent per year to be a Five-trillion economy by then.&nbsp;<br />''<br />''Indian economy is expected to grow at 6.8 per cent in 2018-19 while maintaining macro-economic stability.<br />''<br />''Infrastructure is important for faster economic growth and alleviation of poverty in the country.&nbsp;<br />''<br />''Our correspondent takes a look at some of the major initiatives taken by the NDA Government in the infrastructure sector.<br />''<br />''A special emphasis is being given to the development of infrastructure with the vision to make India a five trillion-dollar economy by 2025.&nbsp;<br />''<br />''Our economy was 1.85 trillion US dollars when NDA Government came to power in 2014 and within five years, it reached 2.7 trillion dollars.&nbsp;<br />''<br />''The initiative includes approval of handing over existing Bharat-Net infrastructure to the Common Service Centres for optimum utilization and for providing of Wi-Fi access points in 90,000 Gram Panchayats at a cost of 1,440 crore rupees.&nbsp;<br />''<br />''Measures have been proposed to enhance the sources of capital for infrastructure financing. These include Credit Guarantee Enhancement Corporation to be set up in 2019-2020, an Action plan to deepen the market for long-term bonds with a focus on infrastructure and one hundred lakh crore rupees investment in the next five years.</span>
News On AIR | July 22, 2019 5:27 PM
NDA govt completes 50 days in office in 2nd term