Capital expenditure is necessary to achieve the vision of Make Bharat by 2047
Introduction
Challenge faced in the regards:
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Main Body
i) Low capability to invest in capital due to high fiscal deficit. ii) High revenue expenditure iii) High cost of investment - long gestation projects and lack of expertise. iv) Lack of private sector interest. v) Some capital expenditure may not yield sufficient revenue.
Way forward includes: PPP models such as HAM, EPC to develop infrastructure; Training and skilling of people for better expertise to develop capital infra; FDI route for capital investment; Reduction in revenue expenditure
Conclusion
Capital expenditure is necessary to achieve the vision of Make Bharat by 2047. It follows the philosophy - 'American roads are not good because America is developed, but America is developed because American roads are good'
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Diagram
Circular diagram with 'Way forward' as central node pointing to three solutions: Training and skilling, FDI route for capital investment, and Reduction in revenue expenditure
- Clear identification of challenges
- Practical solutions provided through PPP and FDI
- Logical structure with diagram
- Reference to broader vision (Make Bharat 2047)
Aditya Agarwal
Government Policies and Interventions
Capital Expenditure and Infrastructure Development
Make Bharat by 2047 vision
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