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Current Economy
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Investing in infrastructure benefits the economy to a great extent but it is important to make sure that there shouldn’t be any kind of corruption by any authority under the guise of development. Any development that is being done by a nation should assure that it should be inclusive i.e it would benefit people from every section of the society. The chief barriers to infrastructural development are listed herein:
1. Resources - Any kind of infrastructural development requires some of the natural resources like land, water, electricity, etc. Apart from this it also requires manpower and money. However, some nations are running out of natural resources while some nations do not have many financial resources thus acting as a barrier to the infrastructural development of the nation.
2. Geographical Location and Climatic Condition of a Nation - The climatic condition and geographical location of a nation act as an important barrier to infrastructural development. As the countries with continuous or less rain badly affect the construction work as water is required in construction at large scale. However continuous ongoing rain makes it difficult to work on a construction site. Apart from this, some counties are located on seashores and in hilly areas where it becomes difficult to construct buildings.
3. Ideologies and Government Policies - Government policies and ideologies make a deep impact on infrastructural development in any nation. Each elected party has a different ideology and thus they frame policies accordingly after getting into power like some governments focus on infrastructural development, while some focus on educating people etc. Thus these ideology clashes sometimes act as a barrier to infrastructural development.
Government Initiatives in the Sector of Infrastructural Development:
In past years Government of India came up with some excellent initiatives to grow the infrastructural sector thus leading to inclusive economic growth.
• In the financial year 2021-22, the government allocated funds of more than $32.02 billion for infrastructural development in India. It includes the expansion of the National Infrastructure Pipeline (NIP) from a total of 207 projects in 2020 to 7400 by the end of 2022.
• The DRIP-2 (The second Dam Rehabilitation and Improvement Project) is launched to improve the safety of dams across the nation. More than 120 Dams are included under this project belonging to various states like Madhya Pradesh, Maharashtra, Gujarat, Kerala, Odisha, Rajasthan, Manipur, and Meghalaya.
• The government of India is going to invest more than INR 1.5 Lac Crore in the bullet train project that is going to connect Delhi-Varanasi, and Mumbai-Nagpur. Also, the existing metro train network is going to expand to many new cities like Lucknow, Kochi, Kanpur, Indore, Bhopal, Jaipur, etc.
• The government of India is soon going to launch a project that will help track multiple model ongoing projects at a time like the expansion of gas pipelines, connectivity, Railways, and Roadways networks. The government named this project Gatishakti National Master Plan.