$4.5 trillion needed for infra by 2040

New Delhi, January 29

To ensure high and sustainable growth, there has been a substantial step up of investment in infrastructure, mostly on transportation, energy, communication, housing and sanitation and urban infrastructure sector.

Enhanced investment on infrastructure sector will certainly help in creating jobs, both directly and indirectly, the Economic Survey said.

As pointed out in the survey, India is far ahead of many emerging economies in terms of providing qualitative transportation.

However, the Global Infrastructure Outlook reflects that rising income levels and economic prosperity is likely to further drive demand for infrastructure investment in India over the next 25 years.

Around $4.5 trillion worth of investment is required till 2040 to develop infrastructure. The current trend shows India may only get $3.9 trillion. The cumulative investment gap would be around $526 billion by 2040, the survey said. — TNS