India's Infrastructure Spending Surges to Over ₹12 Lakh Crore Since 2014
Infra spend up six-fold since 2014, crosses Rs 12 lakh crore: PM Modi
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Prime Minister Narendra Modi announced that India's infrastructure spending has surged six-fold to over ₹12 lakh crore ($1.45 trillion USD) annually since 2014. Speaking in Dehradun, he dedicated the new Delhi-Dehradun Expressway, which is expected to enhance economic growth and reduce travel costs in Uttarakhand.
- 01Infrastructure spending in India has increased to over ₹12 lakh crore annually since 2014.
- 02The newly inaugurated Delhi-Dehradun Expressway spans 210 km and cost ₹12,000 crore ($1.45 billion USD).
- 03More than ₹2.25 lakh crore ($27 billion USD) worth of infrastructure projects are currently underway in Uttarakhand.
- 04The expressway features a wildlife corridor to protect local fauna, including elephants.
- 05The project is expected to boost employment and enhance tourism in Uttarakhand.
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Prime Minister Narendra Modi announced a significant increase in India's infrastructure spending, which has grown to over ₹12 lakh crore (approximately $1.45 trillion USD) annually since 2014, compared to less than ₹2 lakh crore before that year. At an event in Dehradun, he inaugurated the 210-km Delhi-Dehradun Expressway, built at a cost of ₹12,000 crore (around $1.45 billion USD). The expressway is expected to reduce travel time and costs for commuters, while also providing employment opportunities for thousands in the region. Currently, infrastructure projects worth over ₹2.25 lakh crore (approximately $27 billion USD) are in progress in Uttarakhand. Modi highlighted the expressway's role in revitalizing cities in Uttar Pradesh and enhancing access to key tourist destinations like Dehradun and Rishikesh, positioning Uttarakhand as a growing hub for winter tourism and destination weddings.
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The new expressway is set to enhance economic growth in Uttarakhand, providing easier access to markets for farmers and boosting tourism.
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