*India has to enhance its infrastructure to reach its 2025 economic growth target of US$ 5 trillion.
*India's population growth and economic development require improved transport infrastructure, including investments in roads, railways, and aviation, shipping and inland waterways.
*As per the Reserve Bank of India (RBI) in the past 4 years until March 2024, Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) have amassed US$ 15.60 billion (Rs. 1.3 lakh crore).
*Development of infrastructure has a multiplier effect on demand and efficiency of transport and increases commercial and entrepreneurship opportunities.
*In March 2024, Prime Minister, Mr. Narendra Modi inaugurated multiple connectivity projects in Kolkata, totaling US$ 1.8 billion.
*In March 2024, the Minister of Civil Aviation and Steel announced inaugurating 15 airport projects worth US$ 12.1 billion by 2028.
*In June 2022, the Minister of Road Transport and Highways, opened 15 national highway projects worth Rs. 13,585 crore (US$ 1.7 billion) in Patna and Hajipur, Bihar.
*Budget 2023-24 is complemented with the continuation of the 50-year interest-free loan to state governments for one more year to spur investment in infrastructure and to incentivize them for complementary policy actions, with a significantly enhanced outlay of Rs. 1.3 lakh crore (US$ 16 billion).
*Under the National Infrastructure Pipeline (NIP), projects worth Rs. 108 trillion (US$ 1.3 trillion) are currently at different stages of implementation.
*In November 2022, National Investment and Infrastructure Fund (NIIF) is set up as a collaborative investment platform between the Government of India, global investors, multilateral development banks (MDB) and domestic financial institutions to facilitate investment across multiple sectors in India through an India Japan Fund.
*Under Interim Budget 2024-25, capital investment outlay for infrastructure has been increased by 11.1% to Rs.11.11 lakh crore (US$ 133.86 billion), which would be 3.4 % of GDP.
*FDI in construction development (townships, housing, built-up infrastructure and construction development projects) and construction (infrastructure) activity sectors stood at US$ 26.54 billion and US$ 33.52 billion, respectively, between April 2000-December 2023
India has the third largest road network in the world spanning over 3.3 million km.
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
The Indian pharmaceutical industry has proved to be the major player in the domestic and international market. This supremacy has been achieved throug...
The hospitality industry is a developing and fast-growing market in India, and it has a powerful positive effect on the country’s economy and th...
In India, traditionally, sports are viewed more as leisure activities than as promising careers. Sports were typically considered as secondary interes...
Quick commerce, altering India's retail and last-mile delivery landscap...
Capital markets of a country are reflection of its economic health and tren...
India depends on imports to fulfil its need of semiconductor devices. Major...