India will invest 1.4 trillion US dollars in infrastructure construction in the next five years. What is the purpose of infrastructure?

First of all, we should know that capital construction is capital construction, which mainly refers to the expansion and reproduction of merged assets carried out by various departments of the national economy in order to develop production. That is, the aggregate of building purchase and installation work carried out by various departments of the national economy to increase fixed assets, such as roads, railways and bridges, various industrial and civil buildings, etc.

Recently, Indian Finance Minister Sitaraman said that the Indian government will plan to invest 100 trillion rupees in the next five years, equivalent to10.4 trillion US dollars for infrastructure construction. The Indian Ministry of Finance also stated in a statement that high-quality infrastructure is a prerequisite for achieving broad and inclusive growth, and infrastructure investment is also necessary to maintain India's rapid growth.

For this time, the reason why they spend so much money on infrastructure construction is to achieve the goal of GDP reaching 5 trillion US dollars in fiscal year 2024-2025, so they need to invest in infrastructure construction in recent years.

In fact, India's economic growth rate has slowed down last year, and the slowdown has an expanding trend. For some people, personal consumption and corporate investment are not the reasons for the continuous decline in India's economic growth. Nowadays, strengthening infrastructure construction can increase the demand for cement and steel in the local market. At the same time, it can also increase the employment demand of rural residents in India, thus effectively increasing the income of rural residents and further enhancing the overall consumption demand of society.

Therefore, for India's planning in the next five years, the main purpose of infrastructure construction is to improve the country's economic benefits. In fact, for India, it is a relatively backward country, but it is also called a fighting nation, so if these infrastructures can be done well, it will bring many benefits to the future development of their country.