Indian road sector: Highway of economic growth

18 Oct 2023 CW Team

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.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..