Industry News

India Government invests Rs 100 Trillion in Infrastructure, do you grasp this Opportunity?

author:dahua time:2019-09-20

It is reported that India's GDP growth fell to 5% in the second quarter of this year, the slowest growth in six years. Indian media even said that India is in "the most continuous growth recession since the founding of the nation".

India Government invests Rs 100 Trillion

In may, after the re-election as Prime Minister of the republic of India, Narendra Modi declared that "India will achieve a $5 trillion economy target in five years". To achieve this ambitious goal, Finance Minister said the government plans to invest Rs 100 trillion ($1.4 trillion) in infrastructure over the next five years. According to The Times of India, the government has set up a working group to start drawing up a list of infrastructure projects. On September 7, India's Finance Minister said that the list would consider technical and financial feasibility. The projects will begin construction between 2019 and 2020 and are scheduled to be completed by the end of 2025.