National Infrastructure Pipeline – IAS Synopsis
In order to become a five trillion dollar economy by 2024 – 25, India needs to spend about US$ 1.4 Tn on infrastructure. National Infrastructure Pipeline is a project to achieve this level of investment in infrastructure sector.
The initial sanctioned amount for National Infrastructure Pipeline is ₹102 lakh crore. Infrastructure projects under NIP will receive an equal share of contribution in terms of capital expenditure from the Centre and States of 39% each while Private Sector share being 22%.
Roads, Urban and Housing, Railways, Power (Conventional and Unconventional) and Irrigation will receive the most from NIP amounting to almost 80% of the funds.
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