India's Prime Minister Narendra Modi has announced a huge financial package for his country. India plans to spend $1.35 trillion on infrastructure. The huge investment will focus on the economy, youth employment, and on ways to tackle climate change. Mr Modi hopes the gigantic injection of cash will provide a boost to the economy. He said his spending plans will "create job opportunities for hundreds of thousands of young people". He added that it would also help local manufacturers to become "globally competitive," and to develop new "economic zones" in India.
Mr Modi wants to focus on making India carbon-neutral. He gave his speech as part of India's 75th Independence Day celebrations. He promised that India would be "energy independent" before it turned 100. Modi promised to invest more in sustainable energies such as solar and "green hydrogen". He wants to move India away from its reliance on oil. India is the world's third-largest oil importer. He outlined ambitious plans for transforming India's vast railway network. He wants it to be a net-zero carbon emitter by 2030. Modi said his country is "fast achieving its climate goals".