Modi 3.0 expects huge infrastructure boost for railways, highways, aviation

03 Jun 2024 CW Team

Exit polls indicate the anticipated return of the Modi government, with the three key infrastructure sectors?railways, highways, and aviation?expected to maintain their prominence in its third term. Industry insiders foresee substantial investment prospects.

Over the past two terms under Prime Minister Narendra Modi's leadership, national highways have undergone a 60% expansion, stretching from 91,287 km in 2014 to 146,145 km by the conclusion of 2023. The network of four-lane and wider national highways has similarly grown, expanding from 18,387 km in 2014 to 46,179 km by the end of 2023.

Indian Railways, often deemed the nation's lifeline, transported approximately 5.85 billion passengers in FY23. Under the Modi administration, it has undergone significant modernization efforts, exemplified by the introduction of Vande Bharat, a semi-high-speed train, across various sectors nationwide. Likewise, the aviation sector has witnessed a positive trajectory, characterized by airport modernization initiatives and the inclusion of several smaller cities on the country's aviation map.

Experts express optimism regarding further momentum in the infrastructure sectors should the government secure re-election. A prominent construction industry figure stated, "The exit polls suggest a resounding mandate for the BJP from the Indian populace. We anticipate accelerated infrastructure development. Industry stakeholders are hopeful that by Q2FY25, there will be a substantial pipeline of highway projects, with the government seeking increased participation from major private players."

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