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Infra Sector Turnaround Due To PM Modi's Personal Monitoring: Finance Minister

Infra Sector Turnaround Due To PM Modi's Personal Monitoring: Finance Minister

NDTV
Wednesday, May 15, 2024 02:53:59 PM UTC

In a contrast to the previous regime, the current government under the leadership of PM Modi has spearheaded a shift towards prioritising infrastructure development and capital expenditure with an aim to bolster the Indian economy.

Prime Minister Narendra Modi active role and personal monitoring is responsible for the turnaround of the infrastructure sector, which suffered due to policy paralysis during the UPA regime, Finance Minister Nirmala Sitharaman said today. Governments across the world emphasise and try to focus on capital expenditure to build quality infrastructure and assets. Quality Infrastructure brings comfort, convenience and ‘ease of living' to every citizen.Every km of road, every railway track, and every bridge built… pic.twitter.com/mNpLeLGZfI Under the PM Modi led Govt, exponential and unprecedented infrastructure creation has happened across different sectors.Roads:-Since 2014, 3.74 lakh kms of Rural roads has been built under the PM Gram Sadak Yojana, almost double of 3.81 lakh kms of rural roads built till… Power:Our Govt has worked to ensure stable, reliable power for all, impacting lives and driving economic growth.-Under PM Modi, India has transformed from power-deficient to power-sufficient by adding 193 GW of generation capacity (249 GW to 442 GW).-Investments in…

In a contrast to the previous regime, the current government under the leadership of PM Modi has spearheaded a shift towards prioritising infrastructure development and capital expenditure with an aim to bolster the Indian economy.

Taking a dig at the Congress-led UPA regime from 2004-2014, she said, "@INCIndia-led UPA (2004-14) wasted India's economic growth potential and left it among the 'Fragile Five' economies without focusing on effective infrastructure development. Under UPA, almost all aspects of India's economic needs were mismanaged or ignored." The UPA government's noticeable and deliberate neglect of infrastructure creation not only denied India much-needed roads, railways, power, etc, but it also compromised India's long-term economic potential, she said in a post on X.

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