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In an interview on Wednesday, May 15, Finance Minister Nirmala Sitharaman credited Prime Minister Narendra Modi’s proactive supervision and hands-on attitude for the infrastructure sector’s resurgence. Sitharaman emphasised how the UPA government’s policy inertia had caused the industry to suffer. She underlined, in sharp contrast, the aggressive approach taken by the present administration, headed by Modi, in giving infrastructure development and capital investment first priority in order to strengthen the Indian economy.
The finance minister sharply criticised the Congress-led UPA government that held power from 2004 to 2014, pointing out that important sectors like roads, railroads, and electricity were either mishandled or neglected in the UPA’s inability to emphasise the creation of efficient infrastructure. Sitharaman emphasised the negative effects of this intentional neglect, saying that it threatened India’s long-term economic sustainability in addition to impeding current development. She wrote a post on X expressing her feelings.
Improvements in infrastructure under the Modi administration
The Indian Railways have seen modernization and increased capital spending, notably a thirty-fold rise during 2004–05, while the National Highway network has grown by sixty percent. The electricity industry has had significant capacity expansions and grid infrastructure enhancements, transforming it from a deficit to a sufficiency.
With the building of 83 new airports and a doubling of the number of airports that are already in operation since 2014, the aviation sector has made great progress and the Metro network has quadrupled. With the publication of the “Maritime India Vision 2030” roadmap and the easing of FDI regulations to draw in investments, the maritime industry has also advanced.
Sitharaman emphasised the Modi government’s dedication to infrastructure development overall, drawing a comparison with the UPA regime’s disregard and highlighting the revolutionary effect on many economic sectors.
“PM Modi made it possible to turnaround infrastructure.”
Sitharaman charged that between 2004 and 2014, the UPA administration frequently overspent on projects, delayed them, and failed to issue timely clearances. She pointed out a clear distinction, saying, “Prime Minister Modi’s proactive involvement has enabled the infrastructure turnaround. Through the PRAGATI portal, PM has personally kept an eye on the status of all initiatives, including some that were started earlier.
Group Media Publication
Construction, Infrastructure and Mining
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