Comic Corner……………………………………………..……………………….39

Why is it required?

Robust infrastructure is the number one requirement for any economy to grow with an equally strong supply chain. To become more competitive in this area, India needs to boost the service and industry sector. In addition to that, it will also create opportunities for employment and upgrade the well-being of people. The following are essential observations: 1. Investment needed: ₹111 lakh crore over the next five years (2020-2025) to build infrastructure projects and drive economic growth. 2. Energy, roads, railways, and urban projects are estimated to account for the bulk of projects (around 70%).

3. The monetization of infrastructure assets. Setting up of development finance institutions. Strengthening the municipal bond market.

#Make in India:

How "Make in India will awake India."

As Government has already planned to boost all sectors and their contribution to total GDP following are the highlights of essential in India's dream to achieve a $5 Trillion economy. "Make in India" aims to increase the contribution of manufacturing in GDP to 25% from 16%. With the launch of the 'Make in India' campaign, India has already marked its presence as one of the world's fastest-growing economies. India has good demographic dividends for the next 2 -3 decades, and the workforce's cost is less than the other developed countries. India is a house of solid and responsible business houses operating with credibility and professionalism. These business houses have made enormous contributions to the development of the Indian economy.

NITI AAYOG:

In the future, Niti Aayog CEO Amitabh Kant recently outlined these steps.

#Incrase Ease of Business and Ease of Living to promote private investments

Over the last few years, the Government has taken some steps in this regard like they have scrapped more than 1300 antiquated law that creates an obstacle while making FDI's By adopting these reforms, India has jumped up to 65 positions in the world Bank Ease of Doing Business. But, India's challenge is to be in the top 25 countries in the next four years.

#Urbanization - Can't Ignore at any cost

If we compare the total land area, which is less than 5% globally, it contributes to more than 75% of real GDP. We will see more urbanization in the next five decades than India could ever see from the last 500 years.

# Women Participation is the key

Unfortunately, Indian women's contribution to work is only 26%, whereas the world's average stands at 48%. If we left out such a vast mass, then we could not grow at a set pace. Eventually, it won't be easy to achieve a target of a $5 trillion economy.