Roads, highways development to add 2% to GDP: Nath
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Last Updated: Thursday, January 28, 2010, 18:38
  
Davos: The massive USD150-billion investment envisaged for the roads and highways sector in the next five years will add about 2 per cent to the country's GDP, Transport Minister Kamal Nath said here today.

"...this will add 2 per cent to our GDP....and those are just numbers, but in terms of grand situation, it will be creating economic activity," Nath told the US television channel CNN's 'Quest Means Business' programme when asked about the USD 150-billion expected investment in next five years.

The lack of infrastructure would have kept the country from achieving higher growth but the situation now is set to change, he said, adding, "I think the infrastructure deficit would have held the country back, which has held it from unleashing itself more. Its got to happen," Nath said.

The development of national highways would help in trade, agriculture and industry, he added.

Soon after taking charge of the Ministry last year, Nath had set the target of building about 35,000 km of national highways in the next five years requiring the massive investment.

PTI


First Published: Thursday, January 28, 2010, 18:38


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