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Growth Booster to India’s Infra
Infrastructure spending is one of the best investments a government can make as it puts money directly into the hands of the people and provides employment in the short term and these projects continue to provide value to the economy in the long term. In the past few years, the development of infrastructure has been a key focus area of the Government for the creation of world-class infrastructure in the country. India is expected to become the third largest construction market by the year 2022. To achieve optimum growth, the sector will require investments of $ 777.73 billion by that year.
After the opening of the economy and liberalisation in the 1990s, there has been tremendous interest from foreign investors and the total FDI inflow has grown a lot since the baseline of less than $1 billion in 1990. In FY2020-2021, the value of equity inflows in FDI in India was…
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