India to become the second largest infrastructure market
DSIJ Intelligence / 26 Jul 2017
India will need investments to the tune of around USD 4.5 trillion till 2040 to develop infrastructure, improve economic growth and community wellbeing, making it the second largest infrastructure market in Asia after China.
India will need investments to the tune of around USD 4.5 trillion till 2040 to develop infrastructure, improve economic growth and community wellbeing, making it the second largest infrastructure market in Asia after China. This was stated in a report titled ‘Global Infrastructure Outlook’ published by Global Infrastructure Hub.
The report also said that the significant demand for infrastructure investment in India over the next 25 years is likely to be driven by increasing income levels and economic prosperity. “In absolute terms, the total investment needed to meet the SDGs is greatest in India, a total of USD 1.3 trillion of investment is needed by 2030, more than China, which is USD 257 billion,” it added.
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