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CONTINUED STEP-UP OF INFRASTRUCTURE INVESTMENT OVER THE NEXT TWO DECADES IS NEEDED TO SUSTAIN A HIGH RATE OF GROWTH
EXPANSION OF RAILWAY NETWORK STAYS AT LEVELS COMPARABLE TO THE PREVIOUS YEAR, ROLLING STOCK INCREASED CONSIDERABLY
PORT CAPACITY IMPROVES SIGNIFICANTLY IN FY25, AVERAGE CONTAINER TURNAROUND TIME REDUCES SUBSTANTIALLY
619 ROUTES CONNECTING 88 AIRPORTS OPERATIONALISED UNDER UDAN SCHEME
AIRPORT CARGO HANDLING CAPACITY REACHES 8.0 MILLION MT IN FY24
The Economic Survey stated that the capacity addition in physical connectivity sectors stayed on course during FY25. India’s development aspirations in the coming decade entail substantial investment in infrastructure, states the Economic Survey 2024-25, which was tabled by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman in the Parliament today.
RAILWAYS
The progress in the expansion of the railway network stayed at levels comparable to the previous year, while the addition of rolling stock increased considerably. The focus on railway station infrastructure and modernisation of locomotives and coaching stock have improved passenger amenities in the railway sector. Indian Railways is also modernising its signalling and safety systems to enhance operational efficiency and safety across its vast network. Elimination of mechanical signaling, Kavach Automated Train Protection system, Electronic interlocking, Automatic Block Signalling, Signal design automation tool for electronic interlocking are some of the initiatives in this regard.
Recent initiatives in the rail system • Gati shakti multi-modal Cargo Terminal (GCT): 91 GCTs commissioned and 234 locations approved by October 31, 2024. • Net zero carbon emission: Indian Railways targets 30 GW of renewable energy by 2029-30, with 375 MW of solar and 103 MW of wind commissioned as of October 2024. • Major economic corridors: 434 projects valued at ₹11.17 lakh crore have been identified under three railway corridors, mapped on the PM GatiShakti portal. • Public Private Partnership (PPP): 17 projects have been completed (₹16,434 crore) and 8 ongoing (₹16,614 crore) under the PPP model • Vande Bharat trains: Between April and October 2024, 17 new pairs of Vande Bharat trains were introduced to the network, and 228 coaches were produced. |
PORTS, SHIPPING AND INLAND WATERWAYS
Port capacity improved significantly in FY25, leading to improvements in operational efficiency and reduction in average container turnaround time in major ports from 48.1 hrs in FY24 to 30.4 hrs in FY25 (April-November).
Initiatives in Ports, Shipping and Inland Waterways Sector
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ROAD TRANSPORT
India has a total road network of 63.4 lakh km, including National highway (NH) network of 146,195 km. NH network forms the arterial backbone of road transport network as even though it comprises only 2 per cent of total road network yet it carries about 40 per cent of the overall road freight traffic.
Initiatives in Road Transport Sector
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CIVIL AVIATION
Airport operators and developers, including the Airports Authority of India, are pursuing a capital expenditure plan exceeding ₹91,000 crore from FY20 to FY25. About 91 per cent of this has been achieved by November 2024.
Initiatives in Civil Aviation
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DIGITAL CONNECTIVITY
Digital connectivity has made major advancements in digital inclusion, technological innovation, and regulatory reforms this fiscal year, all in line with the government's vision for a Digital India.
Initiatives in Digital Connectivity Telecommunications
Information Technology
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Economic Survey 2024-25 states that India needs a continued step-up of infrastructure investment over the next two decades to sustain a high rate of growth. Accelerating our efforts to build integrated multi-modal transport, coupled with the modernization of existing physical assets, will improve efficiency and last-mile connectivity.
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