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
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Rewriting the Rules: RBI’s New Blueprint for Safer Project Finance
The Reserve Bank of India’s 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. India’s ambitions are vast: transforming into a $30 trillion economy by 2047, building 100 smart cities, and advancing sustainability alongside seamless connectivity. Yet these goals...
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The New Power Corridor
The nations involved in the proposed IMEC collectively account for nearly half of global GDP, totalling $47 trillion. Therefore, to fully unlock the benefits of this multilateral initiative of immense geopolitical significance, they must work towards resolving security concerns and harmonising trading regulations, writes Manish Pant. Experts often refer to the proposed India-Middle East-Europe Economic...
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Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Delhi, July 2024 – Leading infrastructure experts are set to gather in Delhi for the highly anticipated Infrastructure Today Conclave, scheduled on July 18-19, 2024. The event will bring together industry stalwarts, policymakers, and thought leaders to discuss the ambitious vision of ‘Viksit Bharat’ or Developed India by 2047, focusing on transforming India’s infrastructure landscape...
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Infrastructure: The growth catalyst of Indian economy
Investment in infra serves as a catalyst to foster economic development Investing in infrastructure generates a robust multiplier impact through multiple avenues. As India takes giant strides towards sustainable and inclusive growth, the significance of investment in infrastructure development serving as a vital catalyst for fostering economic development is inevitable, writes Sandeep Upadhyay, MD – Infrastructure...
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Constructive role of metro rails in India’s inclusive growth
The metro rail systems, also known as “Economic Growth Engines” The metro rail systems aka “Economic Growth Engines” play a prominent role in leveraging urbanisation for economic growth of the city and the suburbs, says U J M Rao, Managing Director, AP Metro Rail Corporation Ltd. In the world economy, India is positioned today, at 5th...
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Augmenting the Indian Economy From US$ 3 to 30 Trillion
India’s economy has seen a sharp rebound, writes Bharat Joshi, ACTL India’s 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,...
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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...
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The advantages of multimodal logistics
Integrating diverse mode of transportation for improved efficiency India’s logistics costs are presently 14 per cent of the country’s Gross Domestic Product (GDP),similar to other developing countries but well above the global average of 8 per cent. One of the government’s initiatives to reduce the logistics costs to 8-10 per cent of India’s GDP as...
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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...