Ece impacts of infrastructural development on economy of india
1. .
Elements of Civil Engineering(2110004)
IMPACTS OF INFRASTRUCTURAL DEVELOPMENT ON
ECONOMY OF INDIA
Branch: Civil Engineering
Guided by: Prof. Shikha Asukar
Prof. Vishva Mehta
2. Team members :
Name Enrollement No.
Maharshi Dave 160420106007
Krishna Desai 160420106008
Rudrakash Desai 160420106009
Nimesh Dhameliya 160420106010
Akshay Dhorajiya 160420106011
Palak Doshi 160420106012
4. ā¢ Economic development is a policy intervention endeavour with
aims of economic and social well-being of people, economic
growth is a phenomenon of market productivity and rise in GDP.
ā¢ Economic development is usually the focus of federal, state, and
local governments to improve our standard of living through the
creation of jobs, the support of innovation and new ideas, the
creation of higher wealth, and the creation of an overall better
quality of life.
6. ā¢ Infrastructure is the basic physical systems of a business
or nation. Transportation, communication, sewage, water
and electric systems are all examples of infrastructure.
ā¢ Infrastructure projects may be funded publicly, privately
or through public-private partnerships.
ā¢ Infrastructure is also an asset class that tends to be less
volatile than equities over the long term and generally
provides a higher yield.
7. The top 10 construction achievements of the 20th
Century are:-
ā¢ Chunnel Tunnel.
ā¢ Golden Gate Bridge
ā¢ Dwight D. Eisenhower System of Interstate and Defence
Highways
ā¢ Empire State Building
ā¢ Hoover/Boulder Dam
ā¢ Panama Canal.
ā¢ Sydney Opera House.
ā¢ Aswan High Dam
ā¢ World Trade Centre
ā¢ Chek Lap Kok Airport in Hong Kong.
8. The Panama canal
ā¢ The Panama Canal The Panama Canal crosses the Isthmus of Panama, in
Central America, and allows vessels to travel between the Pacific and
Atlantic oceans.
ā¢ The waterway measures 64 km (40 miles) and enables vessels to avoid
travelling around South America, thereby reducing their voyages by
thousands of miles and many days
ā¢ It was built by the United States from 1904 to 1914
ā¢ Total cost to date has been approximately US$11.52
9. Chek Lap Kok Airport in Hong Kong.
ā¢ It is located on the island of Chek Lap Kok, which largely comprises
land reclaimed for the construction of the airport itself.
ā¢ The airport has been in commercial operation since 1998
ā¢ HKIA is an important contributor to Hong Kong's economy, with
approximately 65,000 employees.
ā¢ More than 100 airlines operate flights from the airport to over 180 cities
across the globe.
10. Local Infrastructure National Highways of India
ā¢ The National Highways Network of India, is a network of highways that is
managed and maintained by agencies of the Government of India.
ā¢ These highways measured over 70,934 km as of 2010, including 15,000 plus km
are 4 or 6 laned and remaining are 2 laned.
ā¢ The National Highways Authority of India (NHAI) is the nodal agency
responsible for building, and maintaining most of the national highways network
ā¢ It operates under the Ministry of Road Transport and Highways.
11. Ports
ā¢ India has a coastline spanning 7516.6 kilometres, forming one of the
biggest peninsulas in the world.
ā¢ It is serviced by 13 major ports, 200 notified minor and intermediate
ports. The total 200 non-major ports are in the following States:- Gujarat
(42); Maharashtra (48); Tamil Nadu (15); Karnataka (10); Kerala (17);
Andhra Pradesh (12); Odisha (13); Goa (5); West Bengal (1); Daman and
Diu (2); Lakshadweep (10); Pondicherry (2); and Andaman & Nicobar
(23).
12.
13. The Impact of Infrastructure on Development
ā¢ Research on the impact of infrastructure on growth has concluded
that the role of infrastructure in growth is substantial, significant
and frequently greater than that of investment in other forms of
capital projects.
ā¢ Infrastructure services, such as power, transport
telecommunications, provision of water and sanitation are central
to the activities of households and to economic production.
ā¢ Infrastructure represents the wheels of economic activity and is
used in the production process of nearly every sector.
ā¢ Transport, for example, is an input for every commodity, while our
very lives, let alone economic activity, would be impossible
without water. Users demand infrastructure services not only for
direct consumption but also for raising their productivity.
14. Infrastructure Development in India-Power Sector
ā¢ Growth of Power Sector infrastructure in India since its Independence has been
noteworthy making India the third largest producer of electricity in Asia.
ā¢ Generating capacity has grown manifold from 1,362 MW in 1947 to 113,506
MW (as on 30.09.2004).
ā¢ The over all generation in India has increased from 301 Billion Units (BUs)
during 1992- 93 to 558.1 BUs in 2003- 04.
15. Infrastructure Development in India-Transportation
ā¢ Indiaās transport sector is large and diverse; it caters to the needs of
1.1 billion people.
ā¢ In 2007, the sector contributed about 5.5 percent to the nationās GDP,
with road transportation contributing the lionās share.
ā¢ Major improvements in the sector are required to support the
country's continued economic growth and to reduce poverty.
16. Infrastructure Development in India Telecommunication
ā¢ India's telecommunication network is the second largest in the world based on the total
number of telephone users
ā¢ It has the world's third-largest Internet user-base. According to the Department of
Telecommunication of India (DoT), as on March 2015, India has 302.35 million internet
connections
ā¢ The total revenue of the Indian telecom sector grew by 7% to 2832
billion (US$42 billion) for 2010ā11 financial year, while revenues from telecom
equipment segment stood at 1170 billion (US$17 billion).
17. Contribution Of infrastructure in Indiaās GDP
ā¢ Infrastructure Sector Growth Rate in India GDP came to 3.5% in 1996- 1997 and
the next year, this figure was 4.6%.
ā¢ The Growth Rate of the Infrastructure Sector in India GDP increased after the
Indian government opened the sector to 100% foreign direct investment (FDI).
The result of opening the sector to the private sector has been that Infrastructure
Sector Growth Rate in India GDP has increased at the rate of 9%.
ā¢ It is estimated that the Growth Rate of the Infrastructure Sector in India GDP will
grow at the rate of 8.5% between 2006 and 2010.
18. Future Initiatives in Infrastructural developments
ā¢ The Government of India has earmarked Rs 50,000 core (US$ 7.5 billion) to
develop 100 smart cities across the country. The Government released its list of
98 cities for the smart cities project in August 2015.
ā¢ Private equity giant Carlyle Group is planning to invest Rs 500 crore (US$ 75
million) in Feedback Infra, which could make the US firm a major shareholder in
the Gurgaon-based infrastructure services company
ā¢ The Government of India has unveiled plans to invest US$ 137 billion in its rail
network over the next five years.
ā¢ The Government of India has announced highway projects worth US$ 93 billion,
which include government flagship National Highways Building Project
(NHDP) with total investment of US$ 45 billion over next three years.
ā¢ In the Budget 2015-16, the capital outlays for roads, and railways have been
increased by Rs 140.3 billion (US$ 2.11 billion) and Rs 100.5 billion (US$ 1.51
billion) respectively.