Infrastructure and investment will make India a developed nation by 2047: FM

Finance Minister Nirmala Sitharaman informed that infrastructure, investment, innovation and inclusiveness will make India a developed nation by 2047. The focus of the government is on four Is -- infrastructure, investment, innovation and inclusiveness -- to make India a developed nation by 2047. India has the necessary wherewithal to meet the goal set by Prime Minister Narendra Modi. "We are looking at infrastructure (first I) in a very big way. In the last 3 to 5 years, consistently, the public expenditure for infrastructure building has been ramped up significantly and it will reach Rs 10 lakh crore in 2023-24," she informed. With infrastructure comes investment (second I), and emphasis on investment will promote greater participation of both the public and private sectors. Infrastructure is not just going to be physical such as bridges, roads, ports or airports, but also creation of digital infrastructure is given importance.