INFRASTRUCTURE INVESTMENTS IN India - public and private - will more than double in the seven-year period ending March 2030, to ₹143 trillion, as compared to ₹66.7 trillion between 2017 and 2023, according to a report.
These investments could play a crucial role in doubling the size of the economy to $6.3 trillion by FY31.
The seemingly optimistic estimates have been made by Crisil, even as only 38% of Rs 111 trillion original target of the National Infrastructure Pipeline 2019-2025 was achieved by the end of the last fiscal (despite this, the target was since raised to 147 trillion).
According to Crisil's Infrastructure Yearbook 2023, 70% of the initial NIP goal may be achieved by the end of FY25.
The report, however, identified a few policy impetuses required for ambitious goals to be realised. These include elaborate legal arrangements to ensure proper distribution of payoffs and risk sharing to align incentives. It is also essential to develop new instruments, deepen the secondary corporate bond markets and tap into ESG funding (investments that are decided based on environmental, social and governance principles), it added.
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