On December 31, 2019 the Union Minister of Finance Smt. Nirmala Sitharaman released a report of the task force on National Infrastructure Pipeline for 2019-2025 (NIP 2019-25) inorder to achieve the $5 trillion economy by 2024-25 . Based on the information compiled by the task force headed by Economic Affairs Secretary Atanu Chakraborty, Rs 102 lakh crores has been projected on the capital expenditure in infrastructure sectors in India during the fiscals 2020 to 2025. The capital expenditure will be shared by the Centre, States and the private sector in the ratio 39:39:22 respectively. The report in detail are as follows:Rs.102 lakh crore project:
Out of the Rs 102 lakh crore project, Rs 42.7 lakh crore (42%) worth projects are under implementation while projects worth Rs 32.7 lakh crore (32%) are in conceptualization stage and rest are under development.
NIP 2025 visions:
During the fiscals 2020 to 2025, sectors such as Energy (24%), Roads (19%), Urban (16%), and Railways (13%) amount to around 70% of the projected capital expenditure in infrastructure in India.Various sectors of the govt has set targets/visions for the year 2025. They are as follows:
- Fund allocation: Rs 1,963,943 crore
- Vision: The total length of the National Highway(NH) has to be increased to 1.99 lakh km with 10% (20000km) of the total NH should be in major economic corridors. Fastag and RFID (Radio Frequency Identification) devices to be increased based on ‘pay as per use’ concept.
- Current status: The NH length at present is 1.32 lakh km including expressways of 1,600 km. private sector participation in NH is very low at 15%.
- Fund allocation: Rs 24.54 lakh crore investment in energy sector and of that ₹11.7 lakh crore will be invested in power sector.
- Vision: Total power capacity to be 619 GW (Giga Watts) with thermal energy contribution to 50%, renewable energy contribution to 39%, hydro energy- 9% and nuclear energy- 2%. The share of consumption of renewable energy to increase to 19%. The per-capita electricity consumption also to be increased to 1,616 kWh.
- Current status: Total power capacity currently is 356 GW, the energy contributions are thermal- 66%, renewable- 22%, hydro-13%, Nuclear: 2%. The per-capita electricity consumption stands at 1,181 kWh. The share of consumption of renewable energy stands at 9%.
- Fund allocation: Rs 13.69 lakh crores.
- Vision: Private sector participation to be 30% of net cargo volumes. Privatising 500 passenger trains. Privatising 30% of 750 railway stations. Mumbai–Ahmedabad high-speed rail corridor (HSR) to be made operational. 100% electrification of railway network.
- Current status: The current low modal share of Indian Railways (IR) in freight traffic stands at 33%. Only 46% of the existing railway network has been electrified as of March 31, 2018.
- Fund allocation: ₹ 0.54 lakh crores.
- Vision: Doubling of farm incomes by upgrading 22,000 rural haats into Gramin Agricultural Markets (GrAM). Moderining storage infrastructure by adding modern silos(tall pit) for capacity of 100 lakh MT(Metric tonne). Usage of drones for about real time weather updates.
- Current status: the Food Corporation of India(FCI) currently has an installed modern silos of capacity 7.25 lakh MT.
- Rank: currently ranked 2nd in terms of mobile phones in teledensity, India aims to rank 1st with 100% teledensity.
- Fund allocation: ₹3.20 lakh crore.
- Vision: More than 80% of internet penetration. The nation to emerge as data-centre hub for of Fintech, ecommerce sectors etc.
- Current status:The internet penetration is 40% only.
- Fund allocation: ₹ 7.73 lakh crores.
- Vision: Total irrigated land to be 85 million hectare with 28% of total net irrigated area (NIA)under micro irrigation.
- Current status: The current area under irrigation is 68 million hectare. Land under micro irrigation is 15% of total NIA.
- Rank: India aims to improve its rank to be in the top 2 list in the world. Currently India is the 3rd largest aviation market globally.
- Fund allocation: ₹ 1.43 lakh crores.
- Vision: 30-35 airports owned by Airport Authority of India(AAI) to be privatised as PPPs (Private Public Partners). Development of high quality in-house MRO(Maintenance, Repair & Overhaul) facilities to substantially reduce operating costs of carriers.
- Current status: India is dependent on South-east Asian, Middle-east or European countries for MRO of planes.
- Fund allocation: ₹1.01 lakh crores.
- Vision: Overall capacity utilisation of Indian ports to be >65% of total capacity of 2.5 billion tonne.
- Current status: India has 12 major and 200 minor ports. The Overall capacity utilisation of Indian ports stand at 60% of total capacity of 2 billion tonnes. India contributes 95% of maritime trade by volume & 70% by value.
- Fund allocation: ₹4.11 lakh crore.
- Vision: Pucca house access to 100% of rural population. Piped water supply by 2024 under Jal Jeevan Mission. 100% villages to be Open defecation Free(ODF).
- Current status: only 18% of rural households in India have access to piped water supply. 99.4% of rural households have access to individual household toilets and 90% of villages are considered ODF.
- Vision: GER(Gross Enrolment Ratio) to improve at least 40%. India to spend about 2.5% of GDP(Gross Domestic Product) on healthcare 73 new medical colleges would be set up.
- Current status: Currently, the GER is 25.8% for 18-23 years age group. Healthcare spending is currently at 1.28% of GDP.
Members of the task force:
The members include Chief Executive Officer(CEO) of NITI(National Institution for Transforming India) Aayog Shri Amitabh Khant; Secretary of Expenditure; Secretary of the administrative ministries;and Additional Secretary (Investments).
About finance ministry:
Founded- 29 October 1946.
Headquarters- New Delhi.
Minister of State (MoS)- Shri Anurag Singh Thakur.