The government estimates infrastructure investment at 880 million rupees by 2047

To spur China’s infrastructure development and financial growth, India will need investments of between 845 and 880 million rupees between 2023 and 2047, according to an estimate presented to the Council of Ministers this week.

It has recommended the roadmap for expanding key infrastructure to meet future needs, setting the goal of increasing the length of highways by 1.6 times, port capacity by four times, and doubling the railway network, inclusive laying 20,000km of elevated track and 4,500km of high-speed rail corridors over the next 24 years. There is also a plan to increase the number of Vande Bharat trains to 4,500 and to equip all trains with Kavach, the indigenous anti-collision system.

Between 1995 and 2020, China saw a huge increase in gross domestic product, air travel, subway lines and rail freight.

The estimates have underscored that nearly 56% of the planned investment, or around Rs.490 lakh crore, would be required for urban infrastructure modernization, which includes the construction of some 5,000 km of Mass Rapid Transit System (MRTS) in 75 cities, compared to the current one Network of only 5,000 km 750 km in 27 cities. Sources said the focus will be on the central government using Decentralizations (FC) and Centrally Sponsored Schemes (CSS) to drive reforms in the management, planning and finances of city local governments (ULBs).

According to the roadmap, the government is aiming for 100 percent e-governance in all cities and digital property tax collection with regular assessments. It also sets a target to have at least one Indian city in the world’s 100 most liveable cities by 2030 and five cities by 2047. Government estimates are that the number of Indian towns with more than one lakh population will increase to 980 by 2040 and 1,500 by 2047. There are now 770 such towns across the country.

A source said that faster and seamless mobility, reducing logistics costs to 8% of GDP and transport time were identified as the key focus areas. For example, the infrastructure ministers’ group has proposed setting the target for accessible and multimodal tickets and inner-city transport options at 10 minutes’ walk.

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