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Wednesday, 10 June 2015

GROWTH OF INFRASTRUCTURE IN INDIA – AN OVERVIEW




K. Uma Devi
Lecturer in Economics, Silver Jubilee Government College, KURNOOL-2, Andhra Pradesh,India.
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Abstract :
                    The Twelfth Five Year Plan lays special emphasis on development of the infrastructure sector including energy, as the availability of quality infrastructure is important not only for sustaining high growth but also ensuring that the growth is inclusive. The total investment in the infrastructure sector during the Twelfth Five Year Plan, estimated at 56.3 lakh crore, will be nearly double that made during the Eleventh Five Year Plan. Their share in infrastructure investment increased from 22 per cent in the Tenth Five Year Plan to 38 per cent in the Eleventh Plan and 48 per cent during the Twelfth Five Year Plan.The present of GDP investment in infrastructure increased from 6.2 per cent in 2007-08 to about 7 per cent in 2011-12. In 12th plan aim to increase this further to 9 per cent by 2016-17. The total investment in infrastructure sector in the 12th plan estimated at 56.3 lakh cores which are roughly on 1.5 trillion US dollars. In India has become one of the fastest growing countries in the world after China and it needs to maintain the growth momentum in a sustainable manner to improve the overall standard of living and reduce poverty.

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