Rs 880 tn investment in infra by 2047 for high growth: Govt
ECONOMY & POLICY

Rs 880 tn investment in infra by 2047 for high growth: Govt

According to an estimate presented to the Council of Ministers this week, it was stated that India would require an investment of Rs 845-880 trillion between 2023 and 2047 to achieve infrastructure development and financial growth similar to that of China. The estimate recommended a roadmap for enhancing key infrastructures in order to meet future needs. The targets include increasing the length of highways by 1.6 times, expanding port capacity fourfold, and doubling the railway network. This includes the construction of 20,000 km of elevated tracks and 4,500 km of bullet train corridors within the next 24 years. Additionally, there are plans to increase the number of Vande Bharat trains to 4,500 and install Kavach, an indigenous anti-collision system, in all trains.

Between 1995 and 2020, China witnessed significant growth in gross domestic product, air trips, Metro Rail lines, and rail freight. The estimates highlight that approximately 56% of the projected investment, which amounts to around Rs 490 trillion, will be required for upgrading urban infrastructure. This includes laying approximately 5,000 km of mass rapid transit systems (MRTS) across 75 cities, compared to the existing network of only 750 km in 27 cities. Sources indicate that the focus will be on the Central government utilising the Finance Commission (FC) and Centrally Sponsored Schemes (CSS) devolutions to encourage reforms in governance, planning, and finances of the urban local bodies (ULBs).

According to the roadmap, the government aims to achieve 100% e-governance in all towns and implement digital property tax collection with regular assessments. The target is also set to have at least one Indian city among the top 100 livable cities worldwide by 2030, and five cities by 2047.

Government projections suggest that the number of Indian towns with a population of over one lakh would increase to 980 by 2040 and 1,500 by 2047.

Currently, there are 770 such towns across the country.

A source revealed that faster and seamless mobility, reducing the logistics cost to 8% of the GDP, and minimising transportation time have been identified as the major areas of focus. For instance, the group of secretaries on infrastructure has proposed setting a target for barrier-free and multimodal tickets, as well as intra-city mass transit options reachable within a 10-minute walk.

Also read:
KEC bags new orders worth Rs 1,042 cr
15km pod taxi corridor in Noida up for grabs

According to an estimate presented to the Council of Ministers this week, it was stated that India would require an investment of Rs 845-880 trillion between 2023 and 2047 to achieve infrastructure development and financial growth similar to that of China. The estimate recommended a roadmap for enhancing key infrastructures in order to meet future needs. The targets include increasing the length of highways by 1.6 times, expanding port capacity fourfold, and doubling the railway network. This includes the construction of 20,000 km of elevated tracks and 4,500 km of bullet train corridors within the next 24 years. Additionally, there are plans to increase the number of Vande Bharat trains to 4,500 and install Kavach, an indigenous anti-collision system, in all trains. Between 1995 and 2020, China witnessed significant growth in gross domestic product, air trips, Metro Rail lines, and rail freight. The estimates highlight that approximately 56% of the projected investment, which amounts to around Rs 490 trillion, will be required for upgrading urban infrastructure. This includes laying approximately 5,000 km of mass rapid transit systems (MRTS) across 75 cities, compared to the existing network of only 750 km in 27 cities. Sources indicate that the focus will be on the Central government utilising the Finance Commission (FC) and Centrally Sponsored Schemes (CSS) devolutions to encourage reforms in governance, planning, and finances of the urban local bodies (ULBs). According to the roadmap, the government aims to achieve 100% e-governance in all towns and implement digital property tax collection with regular assessments. The target is also set to have at least one Indian city among the top 100 livable cities worldwide by 2030, and five cities by 2047. Government projections suggest that the number of Indian towns with a population of over one lakh would increase to 980 by 2040 and 1,500 by 2047. Currently, there are 770 such towns across the country. A source revealed that faster and seamless mobility, reducing the logistics cost to 8% of the GDP, and minimising transportation time have been identified as the major areas of focus. For instance, the group of secretaries on infrastructure has proposed setting a target for barrier-free and multimodal tickets, as well as intra-city mass transit options reachable within a 10-minute walk. Also read: KEC bags new orders worth Rs 1,042 cr15km pod taxi corridor in Noida up for grabs

Related Stories

Gold Stories

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Next Story
Technology

ideaForge Q1 FY27 Revenue at Rs 680.6 million; EBITDA Turns Positive

ideaForge Technology Limited reported revenue from operations of Rs 68.6 crore in Q1 FY27, while executing more than 20% of its opening order book for the financial year. The company also reported positive EBITDA during the quarter.ideaForge entered FY27 with an order book of over Rs 300 crore and is targeting delivery of the opening order book by Q3, in line with customer timelines. The company said global supply chain disruptions and component availability continue to pose challenges.During the quarter, ideaForge completed a Rs 500 crore Qualified Institutional Placement (QIP), with particip..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement