Another article I just drafted for #HorasisInsights: Building #Infrastructure During #Inflation - full article here: https://lnkd.in/edjbjYgS 💡Infrastructure development is the cornerstone of economic growth, environmental sustainability, and societal well-being. It drives job creation, stimulates economic activities, and enhances productivity. Upgraded transportation, energy, and communication networks reduce operational costs and attract businesses. For instance, India’s port has significantly boosted the country’s economic growth and greatly influenced local industry development. 💡Research consistently shows a strong positive correlation between quality infrastructure and GDP per capita growth. It also aligns with improvements in health, education, and wealth outcomes, which are crucial for thriving societies. 💡The Indian government has implemented various schemes and policies to address the nation’s infrastructure needs. Introduced in 2019, the National Infrastructure Pipeline (NIP) focuses on social and infrastructure projects, including energy, roads, railways, and urban development, with a total investment of INR 102 lakh crores. Contributions to the NIP are shared almost equally between the Centre (39%) and the States (40%), with the private sector accounting for the remaining 21%. Complementing the NIP is the PM GatiShakti Master Plan, which aims to enhance India’s logistics network. In the 2023-24 Budget, the Indian government emphasized the necessity of increasing infrastructure spending, nearly tripling it to 3.3% of GDP compared to the spending in 2019-20. The Budget allocated INR 75,000 crores for 100 projects critical to improving the overall multimodal logistics infrastructure. 💡There is now a strong push towards developing sustainable infrastructure that benefits both society and the environment. A notable example is the Swachh Bharat, or “Clean India” Mission, launched as a nationwide infrastructure campaign by the Indian central government in October 2014. Phase 1 of the initiative that ran between 2014 to 2019 witnesses the construction of 109 million individual household latrines, making more than 280,000 villages open-defecation free. Phase 2 of the program that is scheduled to run between 2021 to 2021 and 2024 to 2025, will aim to implement solid and liquid waste management for at least 80% of households and all public places, including primary schools, rural homes, and rural childcare centers. #Horasis #Inspiringourfuture https://lnkd.in/edjbjYgS
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Wannabee Author Mind Warrior -Specalized Therapy Addictions / Meditation / Mindfulness
5moNow if we can bring Humane Values into Indian Business, as a Policy, I would begin to consider the Start of it's Evolution, as a non 3rd world country, finally 🤝