Economic Survey 2019: What India needs to become a $10 trillion economy by 2030
Bringing private investment in the infrastructure sector is key to India becoming a $10 trillion economy by 2030, as fiscal constraints are preventing increase in fund-flow from public sector, the Economic Survey 2018-19 said.
“For a smooth and fast travelling, India needs adequate and timely investment in quality infrastructure. In order to create a ten trillion dollar economy by 2032, India needs a robust and resilient infrastructure. Public investment cannot fund the entire infrastructure investment requirements of the country,” the survey tabled in the Parliament said on Thursday.
India needs to spend 7-8 per cent of its GDP on infrastructure annually, which translates into annual infrastructure investment of US$200 billion currently.