India’s Rising Infrastructure Development
The key to India's transformation from a developing nation to a developed one lies in strengthening its infrastructure across sectors, be it power, transportation or commercial infrastructure. This development will not only improve trade and commerce but also lead to socio-cultural developments in the country. All this, in turn, will drive India's economic growth.
Indian Infrastructure at Present
Over the last seven to eight years, we have witnessed a great impetus on infrastructural development in the country. The government has implemented stringent monitoring systems across project life cycles, countering frequent project delays and yielding results within the stipulated timeline.
Even post the pandemic, the government's push on infrastructure through various schemes introduced in the country's recent budget has had rewarding results across sectors – from telecom and power to transportation to inland waterways. Initiatives such as the Smart Cities Mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) are transforming Indian cities and ensuring a better quality of life for all citizens.
Furthermore, green development is also on the rise in the country. Initiatives such as clean energy are also being implemented at a fast pace as India moves towards fulfilling its COP26 commitment of meeting 50% of its energy requirements through renewable energy sources by 2030.
Strengths that India Can Further Capitalise On
India has remained financially stable for the longest time as a free nation. Therefore, monetary issues haven't extensively impacted the implementation of development projects in the country. Once the projects are planned and introduced through central and state government schemes, they bear fruition.
Furthermore, as a democracy, we have a progressive alignment in policies and thoughts between the centre and state governments. Thus, political establishments across different ideologies have been able to realise infrastructure projects successfully – this remains a crucial aspect of India's development.
Today, our country also has all the resources to create state-of-the-art infrastructure – a young population, a substantial skilled workforce and availability of the latest technology and new-age materials.
The Way Forward: Driving the Next Infrastructural Revolution
The impetus for infrastructural development in India is already in place. For instance, the central government's recently-launched ambitious policy – 'GatiShakti– National Master Plan for Multi-Modal Connectivity" – is a breakthrough programme that will bring together sixteen government ministries for the country's integrated development of connectivity infrastructure. Comprehensive multi-modal transport infrastructure will seamlessly integrate different transportation options, improving end-to-end connectivity for people, goods as well as services.
While wholly realising such large-scale and pioneering projects can take time, it is vital to cultivate a global outlook and a long-term mindset to reap the best dividends.
Moving forward, as India prioritises newer infrastructural projects, the development bodies should ensure that ongoing projects and development schemes are still on track. Further, the aim should be to work towards further easing statutory norms to ease project implementation. Sustainable and inclusive development should also be ensured by assessing and countering the proposed projects' impacts on the local ecology and people.