Destination India...
India is a growth story that looks good if not as yet great.
Investment has to come:
India is a growth story that looks good if not as yet great.
Investment has to come:
Infrastructure needs are massive.
Only 20 percent of the national highway network is four-lane.
India's ports and airports need substantial improvement and thus investment. So multiplier will be high.
Trains are rather of another era.
It would need rapid modernization. Investment here is vital.
Rural roads need improvement. It would have multiplier effects.
An estimated 300 million people
are not connected to the national electrical grid. Infrastructure investment need is thus substantial.
The number of urban centers has
grown from about 5,000 in 2001 to 8,000 in 2011, and 53 cities already have a
population in excess of one million.
There is a need to accommodate an
additional 10 million urban dwellers every year and to provide them with
adequate basic services. This needs quite a strong of investment.
The ambitious Government programme
for financial inclusion will mop up liquidity and also enhance credit
deployment levels. It also touches on insurance comfort zone. This will promote
human development and strengthen social fabric.
India has been free of polio for nearly three years
now. Life expectancy has more than doubled from 31 years in 1947 to 65 years in
2012. Adult literacy more than quadrupled from 18 percent in 1951
to 74 percent in 2011.
In the last decade, India grew
faster than 92 percent of the world’s nations. Real GDP expanded at an average
annual rate of 7.3 percent between FY2003 and FY2012.
India is an important player in
the global information-technology revolution,
At market exchange rates, its share
of world GDP has increased by 50 percent in 30 years from 1.8 to 2.7
percent; is expected to reach 11 percent by 2050.
( Data from a World Bank on line Publication)
No comments:
Post a Comment