The National Infrastructure Pipeline was launched in India in ______.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4: 2020.
Explanation:
- The Government of India formally launched the National Infrastructure Pipeline (NIP) in the financial year 2020 (announced in December 2019 and applicable for the period 2020–2025).
- Objective: Its primary goal is to provide world-class infrastructure across the country and to improve the quality of life for all citizens. This represents a significant step towards transforming India into a $5 trillion economy.
- Investment: Under this initiative, a target investment of approximately ₹111 lakh crore has been set across various sectors such as energy, roads, railways, urban development, health, and education.
- Partnership: The Central Government (39%), State Governments (40%), and the Private Sector (21%) are jointly investing in this project.
Additional Facts:
- Gati Shakti Mission: To enhance the effectiveness of the NIP, the government has also launched the 'PM Gati Shakti – National Master Plan,' which focuses on the integrated planning and implementation of infrastructure projects.
- Key Sectors: Under the NIP, the highest proportion of investment has been allocated to the energy (24%), roads (18%), and urban development (17%) sectors.
Potential Questions for Upcoming Exams:
Question: What is the ratio of the Central and State governments' shares under the National Infrastructure Pipeline (NIP)?
Answer: Centre (39%) and States (40%). The remaining 21% comes from the private sector.
Question: What is the primary objective of the 'PM Gati Shakti Master Plan'?
Answer: To establish coordination among various ministries and departments regarding infrastructure projects.
Question: By which year has India set the target of becoming a $5 trillion economy?
Answer: Initially 2024–25, a target which has now been revised and extended.