GS Paper - 3 (Economy)

The ambitious Rs 100 lakh crore-Gatishakti programme will provide the framework for timely implementation of the National Infrastructure Pipeline (NIP) initiative with minimal cost overruns, the Government said on 30 August 2021. A holistic infrastructure development programme that aims to boost employment opportunities and productivity of industries, Gatishakti was announced by the Prime Minister during his Independence Day speech on 15 August 2021. The initiative is set to be launched in September.

What

  1. Gatishakti provides the implementation framework for NIP. Gatishakti basically ensures that the National Infrastructure Pipeline is implemented in time and as per the original estimated cost, with very little overrun of costs and time.
  2. The NIP was launched with 6,835 projects and the numbers have expanded since then.
  3. The projects identified under this ambitious programme are estimated to require an investment of Rs 111 lakh crore during FY 2020-25 periods.
  4. Both the initiatives will play a key role in bolstering infrastructure development activities amid the country striving to become a USD 5 trillion economy in the near future.
  5. So, without Gatishakti, NIP implementation will be a huge problem. So, it is essential that we implement Gatishakti along with the NIP so that full efficiency is harvested.