Modi govt’s infra plans in disarray after covid-led financing crunch
The sector depends heavily on government financing. But this time, the fiscal crunch could make it tough for the Centre and states to fulfil their obligations to the National Infrastructure Pipeline
In his address to the nation on 15 August 2019, Prime Minister Narendra Modi promised an investment of ₹100 trillion over five years in the infrastructure sector. To this end, a task force was constituted to draw up a national infrastructure pipeline (NIP) for each year from 2019-20 to 2024-25. The task force submitted a host of recommendations in its final report to the Union finance ministry in April 2020.