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India needs to spend about USD 1.4 trillion over this period on infrastructure in order to achieve _______ GDP by FY25.
The correct answer is USD 5 trillion. In NewsIn order to achieve USD 5 trillion GDP by FY'25, India needs to spend about USD 1. 4 trillion over this period on infrastructure, according to the Economic Survey. During financial years 2008-17, India pumped in about USD 1. 1 trillion on infrastructure. However, the challenge is to step up infrastructure investment substantially, the Economic Survey 2021-22 said. Additional Information"Keeping this objective in view, National Infrastructure Pipeline (NIP) was launched with a projected infrastructure investment of around Rs 111 lakh crore (USD 1. 5 trillion) during FY2020-2025 to provide world-class infrastructure across the country and improve the quality of life for all citizens. It also envisages improving project preparation and attracting investment, both domestic and foreign in infrastructure. NIP was launched with 6,835 projects, which has expanded to over 9,000 projects covering 34 infrastructure sub-sectors. During the fiscals 2020-2025, sectors such as energy (24 percent), roads (19 percent), urban (16 percent), and railways (13 percent) amount to around 70 percent of the projected capital expenditure in infrastructure in India. NIP has involved all the stakeholders for a coordinated approach to infrastructure creation in India to boost short-term as well as potential GDP growth.
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