Note4Students

From UPSC perspective, the following things are important :

Prelims level: Gati Shakti Master Plan

Mains level: Infrastructure development

In his I-day speech, the PM has announced a ₹100 lakh crore “Gati Shakti” infrastructure plan.

The PM has pegged the project as a source of employment opportunities for the youth in the future.
The plan will make a foundation for holistic infrastructure and give an integrated pathway to our economy.
More details and the launch date of the project are awaited.

The Gati Shakti plan will help raise the global profile of local manufacturers and help them compete with their counterparts worldwide.
It also raises possibilities of new future economic zones.
The PM also said that India needs to increase both manufacturing and exports.

The push for infrastructure is in line with the government’s efforts to step up capital expenditure in infrastructure to promote economic growth.
Infrastructure development has the ability to create a multiplier effect with every rupee invested, yielding much higher returns.