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PM Gati Shakti Master Plan

  • Category
    Economy
  • Published
    25th Aug, 2021

Context

On India’s 75th Independence Day, ‘PM Gati Shakti Master Plan’, was launched, with a Rs. 100 lakh-crore project for developing ‘holistic infrastructure’.

What is the Gati Shakti Master Plan?

  • PM Gati Shakti Plan is a national infrastructure master plan.
  • Aim: To make a foundation for holistic infrastructure and give an integrated pathway to the economy.

 Focus area of the project:

  • Employment opportunity: To act as a source of employment opportunities for the youth in future.
  • Leveling up local manufacturers: To help raise the global profile of local manufacturers and help them compete with their counterparts worldwide.
  • Economic zones: To raise possibilities of new future economic zones.
  • Infrastructure development: Infrastructure development has the ability to create a multiplier effect with every rupee invested, yielding much higher returns.

Infrastructure sector

  • Infrastructure is a major sector that propels overall development of the Indian economy. 
  • As per Indian Infrastructure Sector in India Industry Report, India plans to spend US$ 1.4 trillion on infrastructure between 2019 to 2023, which is predicted to boost the expansive growth of the sector.
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