CURRENT AFFAIRS

Detailed explanation-1: -The National Infrastructure Pipeline (NIP) is a group of social and economic infrastructure projects in India over a period of five years with an initial sanctioned amount of ₹102 lakh crore (US$1.3 trillion).

Detailed explanation-2: -Economic Survey 2022: India needs to invest $1.4 trillion by 2024-25 on infrastructure to achieve $5 trillion GDP.

Detailed explanation-3: -India’s infrastructure is anticipated to expand at a compound annual growth rate (CAGR) of almost 7 per cent during the forecast period.

Detailed explanation-4: -For financial year 2021, the proportion of infrastructure investments to the gross domestic product (GDP) was estimated to be nearly four percent.

Detailed explanation-5: -Infrastructure projects under NIP will receive an equal share of contribution in terms of capital expenditure from the Centre and States of 39% each while Private Sector share being 22%.