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INFRASTRUCTURE and INDUSTRY will be the primary engines for growth in India, which are also non inflationary and will give jobs and money to the masses.
India plans to spend about $1.2 trillion on infrastructure in the next few years, under Modi and build 30 million houses in cities by 2022.
95% of the funds for this development will have to come from Indian coffers, and thus a more effective tax regime, along with the greater monitoring of the black economy........20--50% of GDP, and illegal off shore funds $2--8 trillion will have to be EFFECTIVELY harnessed to fund and fuel India's investment in these two vital areas.
Under Modi the targets should be $1.2 trillion for Infrastructure
AND $2 trillion for Industry.
It will be a measure of the Modi government of how they creatively harness and register the black economy and bring back illegal off-shore funds to fund these two vital areas....otherwise after 1-2 years in government it will look like a mere government into sleek grandstanding and empty rhetorical speeches.
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Cities still lack basic infrastructure: President Pranab Mukherjee
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By Times of India
Urban
India today lacks basic amenities and infrastructure, with a huge
populace lacking access to safe drinking water and toilets, said
President Pranab Mukherjee in his valedictory speech at the Metropolis
World Congress.
Mukherjee emphasised on the need for planned
urbanisation as it is key to tapping the country's potential.
"Urbanisation is sweeping over the world. It has been said that the 19th
century was the century of empires, the 20th century was the century of
countries and the 21st century will be the century of cities," he said.
The President complimented Hyderabad for taking the right steps towards
development and lauded the state government's initiative to turn it
into a Wi-Fi enabled city. He also elaborated on various initiatives
which have been taken up by the government, including HRIDAY or Heritage
City Development & Augmentation Yojna. HRIDAY is aimed at
sustainable development of heritage centres by bringing together urban
planning, economic growth and heritage conservation in an inclusive and
integrated manner.
Mukherjee added that a conference of such
magnitude should provide the perfect platform for sharing ideas on a
global platform. "Urban administrators must use technology to provide
better amenities to our people. Since cities are growth engines and time
is money, people should not have to waste productive time in accessing
basic amenities," he said.
