Discuss the significance of National Infrastructure Pipeline (NIP) for India. Also examine the associated challenges.
Approach of the Answer
- Introduction: Give brief account of NIP.
- Body: Discuss its significance for India and associated challenges.
- Conclusion: Conclude on a positive note.
The National Infrastructure Pipeline (NIP) for FY 2019-25 is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure to citizens and improving their quality of life.It aims to improve project preparation and attract investments into infrastructure.
It is estimated that India would need to spend $4.5 trillion on infrastructure by 2030 to sustain its growth rate. The endeavour of the NIP is to make achieve this goal in an efficient manner.
Focus Areas
- The major focus areas are roads ....
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