The Indian government plans to invest 100 trillion rupees ($1.4 trillion) in infrastructure over the next five years, finance minister sataraman said.
'high-quality infrastructure is a prerequisite for broad-based and inclusive growth,' the finance ministry said in a statement. Infrastructure investment is essential to sustain India's rapid growth. India needs to invest in infrastructure in the next few years to achieve its us $5 trillion GDP target in fiscal year 2024-2025.
India's economic growth has been slowing since last year, and the slowdown is likely to grow. Industry insiders believe weak personal consumption and business investment are important reasons for India's continued economic slowdown. Strengthening infrastructure construction can increase local market demand for cement, steel and other aspects; At the same time, it can also increase the employment demand for rural residents in India, so as to effectively improve the income of rural residents and thus improve the overall consumption demand of the society.