National highways play a vital role in social and economic integration. National highway plays a vital role in the social and economic integration and development of the country. Total budgetary spending in the road sector has increased by more than eight times to Rs.2.6 trillion in FY2023BE over FY2014 at a CAGR of more than...
Tag: economic growth
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Sustainability & innovation key drivers for infra development
The construction equipment industry is pivotal for economic growth The construction industry is a major contributor to climate change, so there is a growing demand for eco-friendly construction methods and materials. By combining sustainability and innovation in technology, India can create a world-class infrastructure system that can support its economic growth and social progress, writes V...
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India’s infra evolution paves the way for economic growth
A robust and sustainable infrastructure is a pre-condition for its growth. After years of a weak investment cycle, a sharp pickup in infrastructure investments in India is imminent. While infrastructure creation is necessary, it needs to be sustainable as well, writes Abhinav Sharma, Fund Manager, Tata Asset Management. Today, India stands at a pivotal juncture in...
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Thermax wins Rs 1,176 cr order to install sulphur recovery block
This project is a part of the GoI’s North East Hydrocarbon Vision 2030
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Tamil Nadu’s first Integrated Smart City launched
The project will include residential, commercial plots, other amenities
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Indian air traffic grows at highest rate in the world in January | IATA
India beat all global markets in terms of domestic air traffic growth during the month of January, according to the International Air Transport Association, a global lobbying body.
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India seeks Korean expertise
India is in talks with South Korea, known for its maritime technology prowess, for long-term partnership to develop its rivers to drive economic growth.
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Petrol consumption to grow 6percent in FY 2017-18
India´s petroleum consumption will grow at 6 per cent in financial year (FY) 2017-18, double the rate at which fuel demand in China is projected to grow, according to Moody´s Investors Service.
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More than 3,000-km highway projects yet to take off
More than 3,000 km of highway projects awarded about two years back under the public private partnership (PPP) mode are yet to take off. Both government and private parties are to blame for this mess. The reason for this delay can be attributed to government bodies for delay in taking policy decisions, banks who have become more stringent while sanctioning loans and are asking for 100% land availability as a pre-condition, dip in economic growth leading to decrease in traffic flow.
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RBI hopes for growth prospects, cautious on Re fall
The continuously falling rupee would bring pressure on the country's inflation, the Reserve Bank of India (RBI) has cautioned on August 22. However, the apex bank provided some hope on economic growth by stating that it expected the inflation to be more than the five per cent of last financial year.
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