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


"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

Next Story
Infrastructure Urban

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Next Story
Infrastructure Urban

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Next Story
Infrastructure Transport

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement