315 percent increase in four-lane highways in a decade.
India has witnessed significant growth in its highway infrastructure over the past decade, driving economic prosperity and development. The government has increased investment in infrastructure, planning to spend over $1.4 trillion through the National Infrastructure Pipeline by 2025.
Key Highway Projects:
- Bharatmala Pariyojana:
A government-funded road and highways development project aiming to build approximately 65,000 km of national highways across two phases.
- Golden Quadrilateral Project:
Upgraded existing highways and constructed new ones, leading to substantial growth in entry rates and labor productivity in manufacturing plants near the network.
Impact on Economy and Employment:
- The construction of highways has increased employment opportunities, with the Bharatmala project expected to create 100 million person-days of employment and 22 million jobs.
- Improved connectivity has boosted trade and commerce, contributing to India's economic growth.
Future Developments:
- The government aims to double national highways in India to 200,000 km.
- Innovative financing models, such as recycling existing roads, are being implemented to fund new highway projects.
Overall, India's focus on developing its highway infrastructure has yielded positive results, driving economic growth, employment, and prosperity over the past decade.
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