India is the fastest-growing major economy of the world surpassing China. when the world growth is stagnant, India is just picking up speed.

Currently, India is the 7th largest economy of the world by GDP (Gross Domestic Product) and the third largest by Purchasing Power Parity (PPP)

In simple words, we can say the Purchasing Power Parity (PPP) is the expenditure on a similar commodity must be same in both currencies when accounted for the exchange rates.

Example of PPP: Lets says a chewing gum cost 1 rupee in India but the same chewing gum cost 10 cents(0.1$) in the US if you convert 10 cents to Indian Rupee it will be equivalent to Rs 6.8

Many experts say that PPP is a better way to estimate economies progress than GDP

Here I am listing Few Truely Mega Projects that will make India one of the developed countries of the world and create a lot of jobs and raise the standard of living for a huge population.

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One): THE STATUE OF UNITY

This is under construction in the state of Gujrat and should be completed by end of 2018. It will be the tallest statue of the world standing 182 m high.

It is dedicated to Indian Independent Movement Leader Sardar Vallabhbhai Patel also know as IRON MAN OF INDIA. It was due to his Work that India is a united country otherwise it would have become 500+ small countries.

Few points and Statistics :

*Construction Area: 20,000 Square meters.
*Total cost: ₹2,989 crore (US$450 million)
*The statue will need 75000 cubic meters of concrete
*Jobs Created: 3000

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TWO): DELHI MUMBAI INDUSTRIAL CORRIDOR(DMICDC)

This is truly a MEGA MEGA project it is the biggest ongoing project in India and one of the largest project of the world.

This Project is spread across 1500 Km and cover 6 states of India between Indian Capital DELHI and Financial Capital of India MUMBAI.

The Project Includes 24 industrial regions, eight smart cities, two international airports, five power projects, two mass rapid transit systems, and two logistical hubs. This Project is created in collaboration with Japan

Few points and Statistics :

*Area covered: 1500 Km
*Total Cost : Rs 61,83,45,00,00,000 (90 Billions USD)
*6 states of India will benefit from this project
*Jobs Created = 30 lakhs (3 million)

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THREE): MUMBAI-AHMEDABAD BULLET TRAIN CORRIDOR

The Mumbai–Ahmedabad high-speed rail corridor is an under-construction high-speed rail line between Ahmedabad and Mumbai and the project should be over in 2022.

It will reduce the travel time between Mumbai-Ahmedabad from 8 hours to 2 hours.

Few points and Statistics :

• This Project is built with help of japan.
• Total distance of the track will be 508 km.
• It will reduce journey time by 5to 6 hours.
• Max speed on the track will be 350km/hr.
• 80% of the money required for the project will be loaned from Japan.

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FOUR): BHARATMALA PROJECT

This is an Ambitious project to connect all parts of the country by a network of high-speed highways. This project is funded by central government and the total roads that will be constructed under this project will be 83,677 Km(51,994 miles)

Under this project, high ways will be built from Gujrat, Rajasthan, Punjab, Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Bihar, West Bengal, Sikkim, Assam, Arunachal Pradesh and indo Myanmar border in Manipur and Mizoram

This Project started on 24th October 2017 and is expected to complete in 2022

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FIVE): SAGAR MALA PROJECT

India is the largest peninsula in the world that means that we have a vast coastal line(7500 km long) and hence we can leverage this by building world-class ports.

Under this project, new Mega Ports will be created, modernization of existing ports, development of 14 Coastal Economic zones(CEZS), enhancement of port connectivity via road, rail.

This will 10,000,000 direct and indirect jobs. the total investment on this project will be $120 billion USD

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SIX): WORLD ONE TOWER

This Building is under construction in Mumbai and expected to complete by end of 2018, it will be India's tallest building and worlds tallest residential building.

It will have 117 story and 1450 feet.

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There are other mega projects which are very popular and are listed below

• Make in India
• Swatch Bharat Joyna
• Digital India

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PLEASE LET US KNOW IF YOU THINK THAT INDIA CAN BECOME A SUPER POWER IF YES WHEN WILL IT HAPPEN?

COMMENT YOUR OPINIONS