Can Bharatmala revive India’s capex cycle and boost growth?3 min read . Updated: 25 Dec 2019, 01:12 AM IST
The outlays under the Bharatmala project are not enough to provide a big boost to infrastructure construction
Mumbai: Last week, the government relaunched the Bharatmala Pariyojana (BMP)—an initiative to add 35,000km of new highways (subsuming existing plans to add 10,000km of national highways) with an outlay of Rs5.35 trillion over the next five years—to raise investments in infrastructure, and boost economic growth. An additional Rs1.57 trillion is set to be used in existing projects. Thus, overall the Union government is set to spend around Rs6.92 trillion on roads over the next five years.
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