Indian road sector: Highway of economic growth
ROADS & HIGHWAYS

Indian road sector: Highway of economic growth

National highway plays a vital role in the social and economic integration and development of the country. Total budgetary spending in the road sector has increased by more than eight times to Rs.2.6 trillion in FY2023BE over FY2014 at a CAGR of more than 20 per cent. The road sector is likely to continue to be a torch bearer for investments for the government, says Vishal Kotecha, Director, India Ratings & Research.

The government's focus on infrastructure spending is visible given its multiplier effect of 2.5x -3x on GDP. Realizing the infrastructure-backed growth, the government announced the National Infrastructure Plan (NIP) and the National Monetization Plan (NMP). The road sector accounts for a significant proportion of the NIP and NMP as it is critical for economic development in the country. With the contribution of 65 per cent and 90 per cent of countrywide freight traffic and passenger traffic respectively, road sector contributes to 3.2 per cent of the GVA. National highway plays a vital role in social and economic integration and development of the country as it caters to almost 40 per cent of the road traffic despite constituting only 2 per cent of the road network.

To read the full story, CLICK HERE.

National highway plays a vital role in the social and economic integration and development of the country. Total budgetary spending in the road sector has increased by more than eight times to Rs.2.6 trillion in FY2023BE over FY2014 at a CAGR of more than 20 per cent. The road sector is likely to continue to be a torch bearer for investments for the government, says Vishal Kotecha, Director, India Ratings & Research.The government's focus on infrastructure spending is visible given its multiplier effect of 2.5x -3x on GDP. Realizing the infrastructure-backed growth, the government announced the National Infrastructure Plan (NIP) and the National Monetization Plan (NMP). The road sector accounts for a significant proportion of the NIP and NMP as it is critical for economic development in the country. With the contribution of 65 per cent and 90 per cent of countrywide freight traffic and passenger traffic respectively, road sector contributes to 3.2 per cent of the GVA. National highway plays a vital role in social and economic integration and development of the country as it caters to almost 40 per cent of the road traffic despite constituting only 2 per cent of the road network.To read the full story, CLICK HERE.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?