India to spend nearly Rs 143 lakh cr on infra till FY30

19 Oct 2023 CW Team

India is set to embark on an ambitious infrastructure investment journey, with an estimated expenditure of nearly ?1.43 trillion (Rs 143 lakh crore) earmarked for the period spanning fiscal years 2024 to 2030. This impressive sum significantly surpasses the ?670 billion (Rs 67 lakh crore) spent during the previous seven fiscal years commencing in 2017, as revealed by the renowned rating agency Crisil on Tuesday.

Of this colossal investment, a substantial ?366 billion (Rs 36.6 lakh crore) is designated for green projects, representing a remarkable fivefold increase compared to the disbursements made during the fiscal years 2017-2023.

Crisil's Infrastructure Yearbook 2023 highlighted this imminent development, with Amish Mehta, the Managing Director and CEO of Crisil Ltd, emphasizing that the agency anticipates India's Gross Domestic Product (GDP) to exhibit steady growth, averaging 6.7 percent through fiscal year 2031, solidifying its position as one of the world's fastest-growing large economies. This monumental commitment to infrastructure development sets the stage for a transformative era in India's economic landscape.

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