India is one of the fastest growing aviation markets in the world. The traffic growth, in the last three years, has been in the range of 16-18 per cent per annum. India is expected to be amongst the top three aviation markets in 2020 along with the US and China.
Arun Jaitley, Minister of Finance, Corporate Affairs and Defence has released a CII (Confederation of Indian Industry) CII reports on transparency and ethics in the real-estate sector. He also launched the CII Centre for Arbitration and Mediation during the Annual Session of CII with the theme Â‘Future of Globalisation: Can India Lead?Â’
A high-powered FICCI business delegation led by Pankaj R Patel, President, FICCI & Chairman and Managing Director, Zydus Cadila - Cadila Healthcare Ltd is accompanying Finance Minister Arun Jaitley to the United States from 20-24th April 2017 to enhance bilateral economic engagement between the two major democracies and further boost cooperation between Indian and US businesses.
We look forward to the implementation of the Real Estate Regulatory Authority Bill (RERA) which will bring in more transparency and professionalism into the sector. It is a positive move for developers with an established corporate governance practice. RERA coupled with GST and demonetisation will create a strong framework within which this industry will function.
The Union Budget has allocated Rs 2,41,000 crore for the transportation sector. Â´For transportation sector as a whole, including rail, roads, shipping, I have provided Rs 241,387 crore in 2017-18,Â´ Finance Minister Arun Jaitley said while presenting the Union Budget 2017-18 in the Lok Sabha.
As IndiaÂ´s urban population goes up from 26 to 51 per cent in a decade, the need for upgrading urban infrastructure is most acute here. China has caught up in the past six years. Indian infra requirements include budget housing, road infrastructure, bridges, flyovers and underpasses to connect small towns to cities and then to the metros.
Political leaders the world over are considering infrastructure spending as a means for reviving economic potential. Economists have long established a direct link between infrastructure spending and overall economic growth. Oxford Economics and PwC have forecasted that global spending on infrastructure development will be around $78 trillion till 2025.