This is not the time for good news it seems. The news is mostly depressing. The pandemic that is causing so much grief around the world is showing no signs of abating. The vaccine is still some months away if not years. The most promising candidate has hit a bit of a roadblock when one volunteer started showing signs of some neurological problems.
So, today I read a news which cheered me up a bit. Even though, the first bullet train project of India may be getting delayed. The government is looking at proposals to set up as many as seven more High Speed Train corridors.
This is exactly what the country needs. A brave and bold government doing more Capital expenditure that makes investments that adds value to Indian economy, making it bigger and dynamic. These sorts of expenditures cost lot of money. Of course, it adds to the nation’s debt. There is also no gainsaying that making High Speed corridors connecting the rich cities will also give immense dividend to the nation for years to come.
But the infrastructure creation in India can be frustrating. Only about 60% of Land Acquisition in Mumbai-Ahmedabad Bullet Train project has been completed thus far. Land acquisition is the biggest hurdle in this endeavour of Government. If somehow Central government can make the process of acquiring the land for infrastructure projects seamless and straightforward it’s aim of making India a first world nation might just become a reality.
