How “infra-nirbhar” are we?
ECONOMY & POLICY

How “infra-nirbhar” are we?

India’s economy is estimated to contract by 9.6% in 2020, as lockdowns and other containment efforts to control Covid-19 slashed domestic consumption without halting the spread of the disease, and the growth is expected to recover and grow at 7.3% in 2021, according to a UN report. The International Monetary Fund (IMF), meanwhile, has forecast an 11.5% GDP growth during 2021 making India the country with the highest growth rate in the world. Nevertheless, there are riders, and the IMF itself predicts that pre-Covid levels will resurface only by 2025. Much, therefore, depends on the contours our policies take.

Never before has India’s economy hinged so critically on infrastructure as it does in 2021-22. It is widely expected that the Budget 2021-22 will prominently focus on infrastructure development. It is not as though infrastructure and construction have been at the forefront of foreign investment.

However, with the new thrust by the government on atmanirbharta, or self-reliance, there is also more expectation of an emphasis on homegrown technology and innovation. Even ahead of the official Budget announcement, Prime Minister Narendra Modi signalled a special emphasis on infrastructure, manufacturing and technology. Addressing a high-profile panel of CEOs at the World Economic Forum on Thursday, Modi urged global investors to take advantage of what he termed “a vibrant democracy with a business-friendly environment and a huge market”.

That combination of infrastructure projects, innovative technology, and indigenousness will be theme at an upcoming eight-part webinar series hosted by Construction World in partnership with Swarajya on how infrastructure should be central to the new self-reliance goal of the government.

The webinar will feature some high-profile speakers from the government, including Nitin Gadkari, Union Minister of Road Transports and Highways; Piyush Goyal, Minister of Railways; and Hardeep Singh Puri, Minister of State for Housing & Urban Affairs.

In addition, the webinar will also feature speakers from both public and private organisations, including MMRDA, MSRDC, DMRC, Maha Metro, Smart Cities Mission, Jal Jeevan Mission, Namami Gange, SBI, L&T, Tata Projects, AFCONS, NIIF, DFCCI, DMICDC, HUDCO, HDFC, IRCON, and RITES. According to the organisers, more names will be added.

Eight webinars will be held between February 15 and March 15 on the following themes:

1. National Infrastructure Pipeline (2021-22)
2. Financing infrastructure
3. Supersonic roads
4. Railways on fast track
5. Metro vision
6. Corridors of connectivity
7. Housing for all
8. Smart sustainable cities

For more information, contact Shweta Virdikar at 81083 66300 shweta.v@asappmedia.com
or Niket Mehra at 81082 88300 niket.m@asappmedia.com.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Make in Steel 2021

24 February 

Click for event info


India’s economy is estimated to contract by 9.6% in 2020, as lockdowns and other containment efforts to control Covid-19 slashed domestic consumption without halting the spread of the disease, and the growth is expected to recover and grow at 7.3% in 2021, according to a UN report. The International Monetary Fund (IMF), meanwhile, has forecast an 11.5% GDP growth during 2021 making India the country with the highest growth rate in the world. Nevertheless, there are riders, and the IMF itself predicts that pre-Covid levels will resurface only by 2025. Much, therefore, depends on the contours our policies take. Never before has India’s economy hinged so critically on infrastructure as it does in 2021-22. It is widely expected that the Budget 2021-22 will prominently focus on infrastructure development. It is not as though infrastructure and construction have been at the forefront of foreign investment. However, with the new thrust by the government on atmanirbharta, or self-reliance, there is also more expectation of an emphasis on homegrown technology and innovation. Even ahead of the official Budget announcement, Prime Minister Narendra Modi signalled a special emphasis on infrastructure, manufacturing and technology. Addressing a high-profile panel of CEOs at the World Economic Forum on Thursday, Modi urged global investors to take advantage of what he termed “a vibrant democracy with a business-friendly environment and a huge market”. That combination of infrastructure projects, innovative technology, and indigenousness will be theme at an upcoming eight-part webinar series hosted by Construction World in partnership with Swarajya on how infrastructure should be central to the new self-reliance goal of the government. The webinar will feature some high-profile speakers from the government, including Nitin Gadkari, Union Minister of Road Transports and Highways; Piyush Goyal, Minister of Railways; and Hardeep Singh Puri, Minister of State for Housing & Urban Affairs. In addition, the webinar will also feature speakers from both public and private organisations, including MMRDA, MSRDC, DMRC, Maha Metro, Smart Cities Mission, Jal Jeevan Mission, Namami Gange, SBI, L&T, Tata Projects, AFCONS, NIIF, DFCCI, DMICDC, HUDCO, HDFC, IRCON, and RITES. According to the organisers, more names will be added. Eight webinars will be held between February 15 and March 15 on the following themes: 1. National Infrastructure Pipeline (2021-22) 2. Financing infrastructure 3. Supersonic roads 4. Railways on fast track 5. Metro vision 6. Corridors of connectivity 7. Housing for all 8. Smart sustainable cities For more information, contact Shweta Virdikar at 81083 66300 shweta.v@asappmedia.com or Niket Mehra at 81082 88300 niket.m@asappmedia.com.4th Indian Cement Review Conference 202117-18 March Click for event infoMake in Steel 202124 February Click for event info

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement