The traditionally held image of India as an infrastructure-deficient country has undergone a transformation over the past one decade, thanks largely to one person: Nitin Gadkari, Union minister for road transport and highways.
“Without roads, water and power, we cannot have industry and capital, and, without that, there is no employment potential. No employment potential means that you cannot encourage growth,” Gadkari had said in an interview to Outlook Business in September this year.
Having taken charge of the Union Ministry of Road Transport and Highways (MoRTH) in 2014, Gadkari has overseen a rapid transformation of India’s roadways. Road transport is responsible for about 60% of total freight movement and 87% of total passenger traffic in India. In 2013–14, the country had an overall network of 48.85 lakh kilometres, of which 92,851 kilometres were national highways and expressways. By 2022–23, this increased to an overall network of 63.32 lakh kilometres, and national highways amounted to almost 1.45 lakh kilometres. “Now, time has come when one can confidently say that the Indian highways sector is probably the most matured infrastructure sector [in the country] and has enough leverage to attract private capital and meet their requirement of generating reasonable return on investment,” says Sushi Shyamal, investment banking partner for infrastructure at EY India.
This story is from the December 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
SHANKAR PRASAD
C'EST LA VIE - MY FAVOURITE
Star Plus
Actor Keerthy Suresh's talents extend far beyond the silver screen. In a chat with Prachi Khanna, she talks about her growing interest in the world of investments - from real estate to tech to co-owning a cricket team
Shelter From the Storm
Taking care of 500-plus homeless was only the first of the challenges; the 24-year-old social worker has done more since
Saying No to Jugaad
In India, people often rely on a quick-fix approach to manage the daily challenges of taking insulin shots. But a Gen-Z innovator has other ideas
Green Skills Champion
An unexpected career choice was the beginning of efforts to demystify the conversation around climate change and raise awareness
Force of Change
An educator's journey that started in the municipal schools of Andheri West is helping bridge the learning gap among young students
An Appetite for Health
The 'food pharmer' has taken on some of the biggest names in the FMCG sector. His mission: to get consumers to read product labels
More Than Medals
India's success at the Paris Paralympics can inspire a new era of inclusivity
Checkmate
A new generation of chess elite, backed by early mentorship and building on the wins of the previous generation, is cementing India's place at the top
On A Strong Wicket
Team India has had a mixed month but a good year. This was the year Rohit Sharma and his boys brought the T20 World Cup back home