India will soon disclose $1.35 trillion infrastructure plan: PM Modi

modiRecently, PM Modi declares that India will launch a 100 trillion rupee ($1.35 trillion) national infrastructure plan that will help generate jobs and expand use of cleaner fuels to achieve the country's climate goals.

The infrastructure program, called "Gati Shakti", will help boost the productivity of industries and boost the economy. We will launch a master plan for Gati Shakti, a big program that will create job opportunities for hundreds of thousands," Modi said during his speech at the Independence Day celebrations in New Delhi.

Although Modi did not announce details of the plan, he said the plan will aid local manufacturers to participate globally and create new paths of future economic growth.

Enhancing infrastructure in Asia's third-largest economy is at the mind of Modi's plan to pull back the country from a sharp economic decline exacerbated by the COVID-19 pandemic.

In the last financial year, India's economic output fell by a record 7.3 percent and the second wave of COVID-19 has hindered economic recovery.

The prime minister also set a mark to turn into an energy independent by 2047, saying the goal can be attained concluded a mix of electric mobility, moving to a gas-based bargain, and making the country a hub for hydrogen production.

Modi states, “Country spends more than 12 trillion rupees annually on energy imports and becoming energy independent was critical, as he also announced the launch of a National Hydrogen Mission to boost the government's clean energy plans. India is moving fast towards achieving its climate goals.”

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