"American roads are not good because America is rich, but America is rich because American roads are good," US President John F Kennedy once said famously.
EXPRESSWAYS will help India Grow at 12% and become a USD 12 trillion Economy by 2030.
✅Expressways are key to over all Economic Development.
✅$1 spent on Expressways adds more than $10 to the Economy.
✅india's freight travels 🚛 🚛 just 250-300 km per day while the world average in developed countries is 800 km per day.
✅The cost of an average shipment over a high-capacity expressway is 70% lower than over single-lane roads.
India has devolved only 1,583 km of expressways after 72 yrs of independence .....far behind china (142,000km),USA (108,000km),canada (17,000km), Brazil (11,000km),Japan (10,000km).
India needs at least 15,000 km expressway to meet the target $5 trillion economy by 2024.Expressways can boost Construction Equipment industry,Steel, Cement,Automobile, Agriculture and Foreign Direct investments.
Expresswas Could save billion dollars fuel and transportation cost.we know Indian transportation industry is still dominated by roads transport,roads carry almost 65% of the country’s freight...but on ☑️average one truck travels only 250-300 km per day while the world average in developed countries is 800 km per day.
India needs 15,000km Expressways by 2024 to boost GDP $5 trillion.
Example-
1) ✔China-china developed zero to 1.10 lakh km expressway between 1980-2015.
Before expressways China's GDP growth rate was around 🔽4- 5%(1960-1978).
After expressways GDP grow ⏫10%[ 1983], ⏫15.2%[1984], ⏫12%[1987], ⏫14.2%[1992], ⏫13% [1994]and ⏫10.5% [2010].
2) ✔India-
Former PM of India AB Vajpayee's ,The Golden Quadrilateral project,5,846 km national highway project launched in Dec 2000.
Resulted in a 50-70% overall output increase from initial levels for the average district located on the Golden Quadrilateral network.
India's GDP growth 🔽3.8% in 2002-3,⬆️ 7% in 2004-5, ⬆️9.5% in 2005-6 , ⬆️ picked 10.2% in 2006-7,⬆️9.3% in 2007-8, and ⬆9.6% in 2009-10. and picked all time high ⬆10.8% in 2010-11.
Avobe example shows that Good road accelerate GDP.Time has changed india needs Expressways to boost GDP 12-15% per annum.
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References-
●India incurs $21.3 billion loss due to delay on roads: Study - The Economic Times 07-Jun-2016.
●Poor logistics infrastructure may cost Rs 7 lakh cr annually by 2020.www.thehindubusinessline.com › 19-Oct-2011.
●Traffic congestion costs four major Indian cities Rs 1.5 lakh crore a yearTimesofindia.indiatimes.com26-Apr-2018
