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INFRASTRUCTURAL NEED FOR INDIA
BY:- AQIB KHAN
INTRODUCTION
• Infrastructure is the basic physical and organizational structure needed for the operation of a society or enterprise ,or the services and facilities necessary for an economy to function
• Infrastructure plays an important role in the economic development of an economy . It can quicken or impede the development of an economy .
INFRASTRUCTURE IN INDIA
• India is the fourth largest economy in the world. However, one factor which is a drag on its development is the lack of world class infrastructure.
• Estimates suggest that the lack of proper infrastructure pulls down India’s GDP growth by 1-2 per cent every year.
• Physical infrastructure has a direct impact on the growth and overall development of an economy.
• But, the fast growth of the Indian economy in recent years has placed increasing stress on physical infrastructure.
PROBLEMS IN INDIAN INFRASTRUCTURE
• Land acquisition
• Funding constraints
• Poor planning and execution
• Delays in clearances
• Population
RECENT INFRASTRUCTURE DEVELOPMENT
• Mumbai's Eastern Freeway - India's second largest flyover
• India's first solar park at Charanka village in Gujarat
• Chenab bridge
• Yamuna Expressway
• Banihal-Qazigund tunnel
• GIFT City in Gujarat
ROLE OF INFRASTRUCTURE IN DEVELOPMENT
• Contribution to National Income
• Employment Generation
• Urbanization
• Attract FDI , PPP Initiatives
• Capital Formation
• Rural development
• Entrepreneurship
CORE SECTOR OF INFRASTRUCTURE
•Energy
•Transport
•Communication
•Education
•Health
ROADWAYS
• India has a road network of over 4.86 million km
• Road transport is vital to India's economy. It enables the country's transportation sector to contribute 4.7 percent towards India’s gross domestic product
• More than 60% of freight and 90% of passenger traffic in the countryis handled by road.
DEVELOPMENT AHEAD
•The length of National Highways is expected to grow from 92,850 kms in 2013-14 to 100,000 kms by the end of 2017
•USD 19 Billion infrastructure development between 2012-17
•During 2014-15, around 8,470 kms of National Highways are to be improved
RAILWAYS
• Indian Railways is one of the largest railways under single management
• It is the world’s second largest utility employer with more than 1.36 million employees, empowering the network with smooth and efficient services
• Metro Railways are a new face of Indian Railways linking various nearest cities
• The Indian Railways network spans more than 64,600 kms, making it the world’s third-largest rail network
DEVELOPMENT AHEAD
•USD 1,000 Billion worth of projects
• 100% FDI in the railway infrastructure segment has been allowed recently
• 17 new premium trains
• 8 express trains and 10 passenger trains to be launched
AVIATION
• TheIndian aviation industry is one of the fastest growing aviation industries in the world
• More than 85 international airlines operate in India and 5 Indian carriers connect over 40 countries
• India is the 9th largest aviation market in the world.
• It is predicted that international passengers will grow up to 50 million by 2015
DEVELOPMENT AHEAD
• India is projected to be the 3rd largest aviation market by 2020
• India plans to increase the number of operational airports to 250 by the year 2030
• The Indian aviation sector is likely to see investments totalling USD 12.1 Billion during 2012-17
• USD 9.3 Billion is expected to come from the private sector.
CONSTRUCTION
• India has an estimated urban housing shortage of 18.8 Million dwelling units
• Present levels of urban infrastructure are inadequate to meet the demands of the existing urban population
• 2nd largest employer and contributor to economic activity, after agriculture sector
• The Indian construction industry is valued at over USD 126 Billion
• As per the Indian Census, 2011, the urban population had increased to 377 Million,
DEVELOPMENT AHEAD
• An investment of USD 1,000 Billion has been projected for the infrastructure sector until 2017
• 40% of which is to be funded by the private sector
• An estimated USD 650 Billion will be required for urban infrastructure over the next 20 years
• The Government of India in the Union Budget 2014-15, has announced a project to develop ‘One Hundred Smart Cities’
TELECOMMUNICATION
• India's telecommunication network is the second largest in the world based on the total number of telephone users
• Major sectors of the Indian telecommunication industry are telephony, internet and television broadcast
• Mobile subscriber base-936.12 million.
• Broadband Subscriber 13.42 million
HEALTHCARE
• The healthcare sector in India is expected to grow to usd 250 billion by 2020 from usd 65 billion currently
• India’s cost of production is significantly lower than that of the usa and almost half of that of Europe
• The Indian pharmaceutical market is one of the fastest growing markets in the world
• India is expected to rank amongst the top three pharmaceutical markets in terms of incremental growth by 2020
• Over usd 200 billion is to be spent on medical infrastructure in the next decade
CONCLUSION
• Infrastructure inadequacies in both rural and urban areas are a major factor constraining India's growth.
• India needs a lot more infrastructure to meet its needs.
• The government is focusing on this and has created a set of programs and reforms aimed at addressing this issue.
THANK YOU