Question
Download Solution PDFGiven below are two statements, one is labelled as Assertion (A) and other as Reason (R) :
Assertion (A) : Government has launched the 'National Infrastructure Pipeline (NIP)' for period of 2020-30.
Reason (R) : The objective of NIP is to provide equitable access to infrastructure for all.
Select the correct answer using the codes given below.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is (A) is false but (R) is true.
Key Points
- National Infrastructure Pipeline (NIP) will facilitate a forward outlook on infrastructure projects which will create jobs, improve ease of living, and provide equitable access to infrastructure for all, thereby making growth more inclusive. Hence, Reason is correct.
- NIP includes economic and social infrastructure projects.
- Throughout the fiscals 2020 to 2025, sectors such as Energy (24%), Roads (19%), Urban (16%), and Railways (13%) amount to around 70% of the projected capital expenditure in infrastructure in India. Hence, Assertion is NOT correct.
- It has drawn plans to invest more than ₹102 lakh crore on infrastructure projects by 2024-25, with the Centre, States and the private sector to share the capital expenditure in a 39:39:22 formula.
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