+
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
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?