Economic Survey 2020-21 Infrastructure: Chief Economic Advisor (CEA) KV Subramanian on Friday launched the Economic Survey 2020-21, which was presented by Finance Minister Nirmala Sitharaman in the morning. CEA also launched the Economic Survey mobile app. In order to increase growth, investment in infrastructure is said to be the best, in the Economic Survey on Friday, it has been said that after the economy is unlocked, infra sectors are moving towards growth. And the construction of the road can return to the high speed of COVID-19 East.
Infrastructure sector important for economic development
According to the survey, the infrastructure sector will be the key to overall economic growth and macro-economic stability. It emphasizes that the process of economic recovery in 2021-22, one year after the crisis, will require frequent and thoughtful steps to put the economy back on the path of its long-term growth.
The Economic Survey presented in Parliament has said that basic infrastructure facilities will provide the basis for growth in the country. In the absence of adequate infrastructure, the economy will operate at a low level and stay away from its capacity and limits. It says that for fast and inclusive economic development, investment in infrastructure is very important.
According to the survey, the national infrastructure pipeline of Rs 111 lakh crore will be a game-changer for the Indian economy for 2020-2025. It has been said that sectors like energy, roads, urban infrastructure, railways will have an increased share in it, which will help in increasing growth. To increase private investment in the infra sector, the government has set up a Public-Private Appraisal Committee (PPPAC), which will give a boost to PPP projects.
According to the survey, in 2020-21 PPPAC has suggested seven projects whose total project cost is Rs 66,600.59 crore. Out of these seven projects, one is the telecom sector project, three are railway sector projects, two are MHA sector projects and one is port sector projects.