India will spend nearly Rs 143 tn on infrastructure
ECONOMY & POLICY

India will spend nearly Rs 143 tn on infrastructure

India will spend nearly Rs 143 trillion on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 trillion spent in the past seven financial years starting 2017, rating agency Crisil said. Of the total, Rs 36.6 trillion will be on green investments, marking a five times rise as...

India will spend nearly Rs 143 trillion on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 trillion spent in the past seven financial years starting 2017, rating agency Crisil said. Of the total, Rs 36.6 trillion will be on green investments, marking a five times rise as compared to the amount spent during fiscals 2017-2023. In its Infrastructure Yearbook 2023, Crisil said India's infrastructure spending will double to Rs 143 trillion between fiscals 2024 and 2030 as compared with 2017-2023. The agency expects India's gross domestic product (GDP) to grow at an average 6.7 per cent through fiscal 2031 to be the fastest-expanding large economy.Policy interventions and a conducive investment climate have aided uptrend in the CRISIL InfraInvex scores across sectors. Four of these -- roads and highways, power transmission, renewable energy and ports -- have an overall score of 7-plus (out of 10), which underscores the pace of reforms and developments of the past few years. 

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