India will need $4.5 tn by 2040 for infrastructure: Report

Date posted: Thursday 27 July 2017

According to the report of Global Infrastructure Hub, India has an infrastructure investment need of USD 4.5 trillion by 2040, making it the second largest infrastructure market in Asia after China. Rising income levels and economic prosperity is likely to drive significant demand for infrastructure investment in India over the next 25 years. Taking sustainable development goals (SDGs) into account, the country is predicted to need an additional USD 888 billion by 2030 to provide universal household access to electricity and water. 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.

(Financial Express)

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