India's Modi promises to spend over $1 trillion on infrastructure -- once again
CNN
Indian Prime Minister Narendra Modi has renewed a pledge to spend more than $1 trillion on infrastructure to create jobs for hundreds of thousands of young Indians and boost the economy.
The 100-trillion rupee ($1.35 trillion) plan — called "Gati Shakti," which means momentum — was announced on India's 75th Independence Day. Modi said Sunday that it would "break the silos" preventing more efficient transportation in Asia's third-largest economy. "This will reduce the travel time for the common man and the productivity of our industry will also increase," he said during an address to the nation in the capital New Delhi.
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