India’s prime minister says his government will soon launch a $1.35 trillion national infrastructure plan that will boost the country’s economy.
Olympic medalist Neeraj Chopra, center, arrives for the Independence Day celebrations at the historic 17th century Red Fort in New Delhi, India, on Sunay, Aug. 15, 2021. India commemorates its 1947 independence from British colonial rule on Aug. 15.
Wearing a flowing bright saffron-colored turban, Modi addressed the nation from New Delhi’s 17th century Mughal-era Red Fort to mark the 74th anniversary of India’s independence from British rule. He said the infrastructure plan will create job opportunities for millions of Indian youth. India’s economy, pummeled by the coronavirus pandemic, contracted 7.3% in the fiscal year that ended in March. Economists fear there will be no rebound similar to the ones seen in the U.S. and other major economies.
India has given more than 500 million doses of vaccines but its vaccination drive has been marred by its slow pace. About 11% of eligible adult Indians have been fully vaccinated so far.
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