India will need $4.5 trillion for infrastructure by 2040, Global Infrastructure Hub report
The Dollar Business Bureau The Global Infrastructure Hub, a G20 initiative, released a report titled, ‘Global Infrastructure Outlook’ in which it says, India will need investments of around $2.5 trillion by 2040 in order to develop the infrastructure needed to improve the country’s economic growth and wellbeing of the community. The infrastructure investment need of $4.5 trillion will make India the second largest infrastructure market after China. Detailing that rising income levels and economic prosperity is likely to drive significant demand for infrastructure investment in India for the next 25 years, the report said. If the sustainable development goals are to be accounted, the country is predicted to need an additional $888 billion by 2030 to provide basic infrastructural needs like electricity and water. ...
India ranks 110 out of 149 nations on the SDG Index
The Dollar Business Bureau India has been ranked 110 out of 149 countries that have been assessed with regard to attaining the Sustainable Development Goals (SDGs). The SDG Index highlighted, that almost all nations face key challenges when accomplishing the given ambitious goals. Sweden ranked first in the chart, followed by Denmark and Norway. Jeffrey Sachs, Director of SDSN, said, “The Sustainable Development Goals are stretch goals, but they are within reach if countries work towards them with clarity and determination. The SDG Index and Dashboard can help each country to chart out a practical path for achieving the goals.” The report also made a startling clarification that the nations which are quite close to achieving the SDGs are not large economies but small, ...
'Explore unconventional means to fund development goals'
Source: PIB, Government of India The Union Finance Minister Arun Jaitley participated in the meeting of G-20 Finance Ministers and Central Bank Governors in Peru on October 8. He also participated in the G-24 Finance Ministers' meeting. In his interventions the Finance Minister, inter alia, welcomed the Sustainable Development Goals (SDGs) to be achieved by 2030. He alluded to the uncertainty surrounding recovery of the global economy and emphasized the need to explore unconventional means to raise resources to achieve the SDGs. He elucidated the initiatives taken by India to overcome the challenges to the economy and elaborated the unique identity linked financial inclusion programme which has resulted in opening of 180 million new bank accounts enabling direct transfer of benefits ...
