Budget's Emphasis on Low-Carbon Transport Could Transform the Economy

18 Jul 2024 CW Team

At present, road transport contributes to 90 per cent of emissions from India's transport sector, which accounts for 10 per cent of the country's total greenhouse gas emissions. If current trends continue, CO2 emissions from the transport sector are expected to rise by over 200 per cent by 2050. Therefore, the electrification of road transport is vital for India to achieve its net-zero target by 2070, especially with the increasing number of personal vehicles and road-based freight transport.

Investing more in public transport, freight, and non-motorized transport can mitigate the surge in private vehicle usage, which leads to congestion and pollution. The government's upcoming budget allocation will be crucial in determining the speed and quality of transformation in the transport sector across all states, ideally focusing on making public transport sustainable, accessible, affordable, and efficient.

Currently, about 39 per cent of India's population has access to public transport. Recognizing the expansion of low-carbon public transport as a high-impact area for growth and decarbonisation, the Government of India has prioritised the expansion of buses and metros in cities with populations exceeding one million. There is potential to broaden the scope and accelerate the electrification of public transport. Over the next five years, ongoing schemes like the PM e-Bus Sewa, which aims to deploy 10,000 electric buses in 169 cities, can be scaled up to meet the immediate requirement of 150,000 e-buses. Another vital component of urban transit, the metro rail system, currently serves over 10 million passengers daily across 21 cities. The 2024 budget should also prioritize investments to enhance last-mile connectivity to metro systems across cities to boost ridership.

Currently, nearly 36 per cent of India's population resides in urban areas, and this figure is projected to surpass 40 per cent by 2036. This rapid urbanization signifies increased economic activity but also highlights the growing pressure on urban infrastructure, particularly transportation, which is essential for the economy. As India progresses and enhances its mobility infrastructure to accommodate the rising urban population, the importance of investing in low-carbon and sustainable solutions is crucial. At present, road transport contributes to 90 per cent of emissions from India's transport sector, which accounts for 10 per cent of the country's total greenhouse gas emissions. If current trends continue, CO2 emissions from the transport sector are expected to rise by over 200 per cent by 2050. Therefore, the electrification of road transport is vital for India to achieve its net-zero target by 2070, especially with the increasing number of personal vehicles and road-based freight transport. Investing more in public transport, freight, and non-motorized transport can mitigate the surge in private vehicle usage, which leads to congestion and pollution. The government's upcoming budget allocation will be crucial in determining the speed and quality of transformation in the transport sector across all states, ideally focusing on making public transport sustainable, accessible, affordable, and efficient. Currently, about 39 per cent of India's population has access to public transport. Recognizing the expansion of low-carbon public transport as a high-impact area for growth and decarbonisation, the Government of India has prioritised the expansion of buses and metros in cities with populations exceeding one million. There is potential to broaden the scope and accelerate the electrification of public transport. Over the next five years, ongoing schemes like the PM e-Bus Sewa, which aims to deploy 10,000 electric buses in 169 cities, can be scaled up to meet the immediate requirement of 150,000 e-buses. Another vital component of urban transit, the metro rail system, currently serves over 10 million passengers daily across 21 cities. The 2024 budget should also prioritize investments to enhance last-mile connectivity to metro systems across cities to boost ridership.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..