Page 661 - ES 2020-21_Volume-1-2 [28-01-21]

288 Economic Survey 2020-21 Volume 2

distant from its potential and frontier growth trajectory. The strong backward-forward linkages
of the infrastructure sector are well established. Therefore, investment in infrastructure is
quintessential for more rapid and inclusive economic growth.

8.35 GoI launched the National Infrastructure Pipeline (NIP) for the FY 2020-2025 to facilitated
world class infrastructure projects to be implemented. This first of its kind initiative will boost
the economy, generate better employment opportunities, and drive the competitiveness of the
Indian economy. It is jointly funded by the Central Government, State Government, and the
private sector (Figure 22 and 24). The NIP was launched with the projected infrastructure
investment of ` 111 lakh crore ($1.5 trillion) during the period 2020-2025 (Figure 22). The
sectors like energy, roads, urban infrastructure, railways have a major share in the NIP (Figure 23).

Figure 22: Annual investments and share of funding (In lakh crores)

22
20 4.5 Centre State Private
18 4.5
16
14 3.5 3.2
12 3 8.6 8.5 2.8
10 6.6 6.2
8 5.8 5.3 1.9
6 3.6
4 8.4 8.3 6.4
2 5.6 6 5.1 3.5
0
FY20 FY21 FY22 FY23 FY24 FY25 Unphased

*Unphased: This means its spilling over beyond 2025. Since NIP is up to 2025, this part has been clubbed
together and is not projected year wise.
Source: Survey calculations based on NIP data.

Figure 23: NIP project by sectors Figure 24: Funding under NIP

Engery
24% Private
Others 21%
29%
Center
39%

Road 18%
Railways
12%
Urban State 40%
17%

Source: Survey calculations based on NIP data. Source: Survey calculations based on NIP data.