Infrastructure

Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. India is expected to become the third largest construction market globally by 2022. India has a requirement of investment worth Rs 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to have sustainable development in the country. The Government of India is taking every possible initiative to boost the infrastructure sector. Government initiatives like ‘Housing for All’ and ‘Smart City Mission’ will direct the growth of the sector. Foreign Direct Investment (FDI) received in construction development sector (townships, housing, built up infrastructure and construction development projects) and construction (infrastructure) activities stood at US$ 25.31 billion and US$ 15.78 billion, respectively from April 2000 to September 2019. The logistics sector in India is growing at a CAGR of 10.5 per cent annually and is expected to reach US$ 215 billion in 2020.

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