With its strong multiplier effect on GDP, the Union Budget 2026-27 prioritises infrastructure by proposing to expand digital networks, advance the energy transition, strengthen the urban infrastructure index, and accelerate transport and logistics development, notes Rajashree Murkute. Even as it focuses on job creation, micro, small and medium enterprises (MSMEs), and services, the Union Budget...
Tag: GDP
Post
Post
Rewriting the Rules: RBIās New Blueprint for Safer Project Finance
The Reserve Bank of Indiaās revised project finance guidelines, effective from October, aim to mitigate infrastructure financing risks and establish a robust framework to safeguard stakeholder interests, informs Rajashree Murkute. Indiaās ambitions are vast: transforming into a $30 trillion economy by 2047, building 100 smart cities, and advancing sustainability alongside seamless connectivity. Yet these goals...
Post
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Delhi, July 2024 ā Leading infrastructure experts are set to gather in Delhi for the highly anticipated Infrastructure Today Conclave, scheduled on July 18-19, 2024. The event will bring together industry stalwarts, policymakers, and thought leaders to discuss the ambitious vision of ‘Viksit Bharat’ or Developed India by 2047, focusing on transforming India’s infrastructure landscape...
Post
Infrastructure: The growth catalyst of Indian economy
Investment in infra serves as a catalyst to foster economic development Investing in infrastructure generates a robust multiplier impact through multiple avenues. As India takes giant strides towards sustainable and inclusive growth, the significance of investment in infrastructure development serving as a vital catalyst for fostering economic development is inevitable, writesĀ Sandeep Upadhyay, MD – Infrastructure...
Post
Constructive role of metro rails in Indiaās inclusive growth
The metro rail systems, also known as āEconomic Growth Enginesā The metro rail systems aka āEconomic Growth Enginesā play a prominent role in leveraging urbanisation for economic growth of the city and the suburbs, says U J M Rao, Managing Director, AP Metro Rail Corporation Ltd. In the world economy, India is positioned today, at 5th...
Post
Augmenting the Indian Economy From US$ 3 to 30 Trillion
Indiaās economy has seen a sharp rebound, writes Bharat Joshi, ACTL Indiaās economy has seen a sharp rebound after the first-two waves of the pandemic and as per the projections made by the International Monetary Fund (IMF), India is expected to be among the fastest growing major economies in the world in 2021 and 2022,...
Post
A Goal to Achieve Synchronised Development
Plans & applications to be effective, feels Sandeep Upadhyay, Centrum PM Gati Shakti is a very relevant initiative taken by the Government and is expected to effectively address some of the key challenges faced in the infrastructural development. While it may take some to evolve, but I am hopeful the roll out plan and its...
Post
The advantages of multimodal logistics
Ā Integrating diverse mode of transportation for improved efficiency Indiaās logistics costs are presently 14 per cent of the countryās Gross Domestic Product (GDP),similar to other developing countries but well above the global average of 8 per cent. One of the governmentās initiatives to reduce the logistics costs to 8-10 per cent of Indiaās GDP as...
Post
China Powers Spiralling Steel Prices
Domestic steel prices have witnessedan unprecedented rise from the second half of FY2021.The economic support measures unveiled by various countries will keep the demand for steel high. The near absence from the world export market and a higher import by China are among the major factors keeping steel prices at elevated levels. Continued higher demand...
Post
Importance of Mega Projects
In order to consolidate and accommodate this mass migration, the Government of India has undertaken several initiatives which have given a way to the mega projects, nucleated around the development of industrial clusters, connectivity and increasing India's exports.