infrastrure

India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the Rs 67 lakh crore spent in the previous seven starting fiscal 2017, Crisil has said.

Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with fiscals 2017-2023.

Amish Mehta, Managing Director and Chief Executive Officer (CEO), Crisil “Crisil expects India’s gross domestic product to grow at an average of 6.7 per cent through fiscal 2031 to be the fastest-expanding large economy. Per capita income is seen rising from USD 2,500 now to USD 4,500 by fiscal 2031, creating a middle-income country.”

Mehta added that this growth will be underpinned by massive all-round infrastructure development, with a sharp focus on integrating sustainability.

“Policy interventions and a conducive investment climate have aided the uptrend in the CRISIL InfraInvex scores across sectors. Four of these – roads and highways, power transmission, renewable energy and ports – have an overall score of 7+ (out of 10), which underscores the pace of reforms and developments of the past few years,” said Mehta.

Mehta also said that the role of stakeholders cannot be overstated, and we need consistent policies, timely regulatory interventions and relentless execution. These are crucial to keep India’s infrastructure investment thesis compelling over the long term and draw in patient capital.