India to Invest 100 Trillion Rupees in Infrastructure in 5 Years

      Indian Finance Minister Sitharaman said recently that the Indian government plans to invest 100 trillion rupees ( $1.4 trillion) in infrastructure construction in the next five years. High-quality infrastructure is a prerequisite for broad-based and inclusive growth,

India's finance Ministry said in a statement. Infrastructure investment is necessary to sustain India's rapid growth. In order to achieve the GDP target of $5 trillion in fiscal year 2024-2025, India needs to invest in infrastructure construction in these years.

Since last year, India's economic growth has continued to slow down, and the slowdown has expanded. Industry insiders believe that sluggish personal consumption and corporate investment are important reasons for the continued decline in India's economic growth. Strengthening infrastructure construction can increase the demand for cement and steel in the local market; at the same time, it can also increase the employment demand for rural residents in India, thus effectively improving the income of rural residents, thereby enhancing the overall consumption demand of the society.