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India´s infrastructure sector is poised to grow at 7-8 per cent next year following the forward looking plans and policies of the new government. The strong mandate will stimulate economic growth, positive surge by implementing desired policies, removal of barriers to foreign investment and other initiatives being taken that will boost infrastructure development and the outlook for the sector appears positive. The new government is expected to go intensely on implementing infra blueprint seen in the development of China.
The new government tends to put its primary focus on infrastructure development and may continue with the estimated $1 trillion spent on infrastructure till 2017 as per Twelfth Five Year Plan. India´s rate of urbanisation is high and the ambitious 100 smart cities project is about to take off that will require a number of infrastructure planning and development efforts.