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

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

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.

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.

Next Story
Infrastructure Energy

India Launches Forum To Boost Critical Mineral Mission

Union Minister for Coal and Mines, Shri G. Kishan Reddy, inaugurated the Critical Mineral Seminar and officially launched the NCMM Outreach Forum under the National Critical Mineral Mission (NCMM) in New Delhi. The event, held during a national seminar on critical mineral processing, highlighted the essential role of critical minerals in India’s clean energy transition, defence, digital economy, and advanced manufacturing.In his keynote address, the Minister stressed the need for robust collaboration between government bodies, industry, academia, and startups to establish a resilient and sel..

Next Story
Infrastructure Urban

Indian Navy To Induct ASW Vessel Arnala On 18 June

The Indian Navy is set to commission its first Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), Arnala, on 18 June 2025 at the Naval Dockyard in Visakhapatnam. The commissioning ceremony will be presided over by Chief of Defence Staff, General Anil Chauhan, and hosted by Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief, Eastern Naval Command. Senior naval officials, dignitaries, and representatives from shipbuilders and associated agencies will be in attendance.This milestone marks the formal induction of the first of sixteen ASW-SWC class vessels, developed to enhance Ind..

Next Story
Infrastructure Urban

Modi Unveils Rs 460 Billion Projects in Jammu & Kashmir

Prime Minister Narendra Modi laid the foundation stone, inaugurated, and dedicated a series of development projects worth over Rs 460 billion in Katra, Jammu & Kashmir, marking a pivotal moment for the region’s infrastructure and growth. Hailing it as a tribute to India’s unity, the Prime Minister emphasised that with the blessings of Mata Vaishno Devi, the Kashmir Valley is now seamlessly connected to the nation’s railway network through the newly completed Udhampur-Srinagar-Baramulla Rail Line (USBRL) project.Among the key highlights were the inauguration of the Chenab and Anji bri..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?