Spur spending for buoyancy in economy : The Tribune India

Subir Roy

Senior economic analyst

The defining feature of the Union Budget for 2022-23 is the government’s emphasis on public investment and within that its Gati Shakti master plan which seeks to transform multimodal connectivity and logistics efficiency by giving a boost to roads, railways, airports, ports, waterways and more.

Infrastructure is the backbone of an economy and without adequate infrastructure in place, it cannot grow beyond a point. A key part of this infrastructure is all the stuff on the ground to facilitate smooth logistics. For example, there is no point in doing great with industrial production if there is not enough capacity on the roads and railways to ship out that production.

Constructing that infrastructure and running it both require mostly trained hands and thus jobs are created. But the key reality is that…

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