PRAFUL B. KANJIA
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The sustainable development of infrastructure plays a pivotal role in the overall economic growth and well-being of a nation. In the case of India, the world’s second-most populous country after China, the challenge of high population density necessitates substantial infrastructure to cater to the needs of its people. Despite notable progress in infrastructure development, there is a conspicuous absence of comprehensive policies and a long-term vision. This absence undermines the potential for consistent and sustained infrastructure growth that aligns with overarching development plans. The historical trajectory of infrastructure development in India has lacked a robust consideration for sustainability. However, the country is gradually shifting towards sustainable infrastructure development, as evidenced by recent government initiatives that signal a decisive move in that direction. The government’s heightened focus on sustainable infrastructure is apparent through various schemes and policies, marking a departure from previous development paradigms.
India’s infrastructure sector, contributing over 8% to GDP and generating 50 million jobs, aims to build 110,000 km of new national highways with a significant focus on reducing carbon footprint through green construction practices by 2030. As of 2023, India ranks 122nd in the Environmental Performance Index, underscoring the urgent need for substantial improvements in air quality, water management, and resource efficiency. In essence, this paper delves into the evolving landscape of sustainable infrastructure in India, examining the factors influencing its development and the obstacles impeding its widespread implementation.
Key Words : Sustainable development, Infrastructure, Finance, Development, India
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