India’s $100 Billion Road Building Gamble To Boost Economy
Road Network means building all types of roads, including international roads, national highways, district roads, feeder roads, urban roads, mule tracks / trails, and roads not under the authority of the Department, such as but are not limited to forest roads, farm roads, power tiller roads, telecommunications road, power roads, mining and exploration roads, industry roads, health roads, education roads, public roads, private roads, project roads and all the types of bridges on that road.
India is planning to kickstart the countries economic growth by building a huge road network. The gamble sounds like a sure thing, but is it?
The countries economy grew at its slowest pace in the last quarter. Growth has now declined for six straight quarters in a row.
India’s government took a leaf out of Keynes’s book and announced a programme to thousands of miles of road, connecting Rajasthan to the north-eastern state of Arunachal Pradesh.
The Indian government said that substantial delegation of powers has been provided to the National Highways Authority of India to complete the plans.
India has one of the largest road networks in the world, comprising national highways, state highways, and district, rural and village roads.
This massive project should help a significant portion of the one million Indian’s find jobs. According to statistics, a large portion of the Indian workforce are either unskilled or semi-skilled; road-building projects cater to that demographic.
The Indian government plans to raise money for the roads through debt structuring from the financial markets, highway toll collections and a federal road fund, among other things.