India to spend nearly Rs 143 lakh crore on infrastructure between FY24 and FY30: Crisil
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Rating agency Crisil has said India will spend nearly Rs 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 lakh crore spent in the past seven financial years starting 2017. It stated, of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with the amount spent during fiscals 2017-2023.
Further, it said appropriate and consistent policy and regulatory interventions and focus on timely execution build an attractive case for various stakeholders to accelerate investments across infrastructure sectors.
Besides, Crisil managing director and CEO Amish Mehta said the agency expects India's gross domestic product to grow at an average 6.7 per cent through fiscal 2031 to be the fastest-expanding large economy. He said per capita income is seen rising from $2,500 now to $4,500 by fiscal 2031, creating a middle-income country. He added that this growth will be underpinned by massive all-round infrastructure development, with sharp focus on integrating sustainability.
