Growth and Opportunities in Development of Infrastructure of India: A Roadmap to Developed India by 2020

Abstract

India has emerged as a strong economy over the years. The recent global financial and economic crisis had an impact on India’s economic growth momentum during FY-09. However, the economy has been remarkably resilient against shocks such as turmoil in the global domestic financial markets, severe drought conditions and hardening international crude oil prices, sustaining its GDP growth, It has managed to escape relatively unscathed* from the global economic turmoil owing to strong fundamentals, which would continue to drive its growth.

Thus, it is important to undertake integrated efforts to further strengthen these fundamentals and fulfil the aspiration of achieving a strong growth in future. This paper seeks to identify the potential drivers that could stimulate growth and take the Indian economy on a high and sustainable path. It is found that substantial investments in physical, social and agricultural infrastructure are the key growth drivers which will enable the economy to achieve ‘inclusive growth’** and will also provide a required leverage to help India to become a developed economy by 2020.

The research paper is based on descriptive and analytical approach and secondary sources are used to retrieve the applied and related data.

Keywords:-  Infrastructure Development, Economic Growth, Urbanization, Public-Private Partnership (PPP), Smart Cities, Sustainable Development, Transport and Connectivity, Energy and Power Sector, Digital Infrastructure, Make in India Initiative

 *Not harmed or damaged in anyway

**A concept which advances equitable opportunities for economic participants during the process of economic growth with benefits incurred by every section of society.