Infra push, structural reforms to boost India's GDP to 7.5%: Amitabh Kant

30 Sep 2024 CW Team

Amitabh Kant, G20 Sherpa and former CEO of NITI Aayog, stated that the Indian economy is expected to grow by approximately 7.5 per cent, driven by extensive structural reforms and a significant focus on infrastructure development during Prime Minister Narendra Modi's third term. In an exclusive interaction with IANS in the national capital, Kant emphasised that initiatives such as 'Make in India,' 'Digital India,' and 'Startup India,' launched by Modi over the past decade, have positioned India as a serious global player.

Kant highlighted that capital expenditure and infrastructure development stand out as the government's success stories. The capital expenditure allocation of Rs 11.1 trillion, constituting 3.4 per cent of GDP, has been maintained in the Budget for 2024-25. He noted that the formalisation of the Indian economy has played a key role, with the 'Make in India' initiative, launched about ten years ago, proving to be highly successful. Similarly, 'Startup India' has fostered the growth of young entrepreneurs, helping India become the third-largest startup ecosystem in the world.

Kant further mentioned that the government has introduced several new initiatives, including the 'IndiaAI Mission,' 'National Quantum Mission,' 'India Semiconductor Mission,' and 'National Green Hydrogen Mission,' which are expected to unfold in the coming days and provide substantial benefits to the Indian economy.

He stressed that with strong GDP growth, robust manufacturing, and a continued focus on infrastructure, India is on track to become the world's third-largest economy. He also pointed out that AI has become a foundational technology across various industries amid this growth.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..