The nation’s road network has expanded dramatically in the current fiscal year compared to previous ones, according to the Economic Survey 2021–22. 13,327 km of new roads were constructed in 2020–21 as opposed to 10,237 km in 2019–20, a 30.2% increase from the year before.
A country’s economic development depends heavily on its infrastructure, which is why reports of delays and cost overruns have caused controversy in recent years. Nevertheless, following the coronavirus (COVID-19) pandemic, the building sector and infrastructure projects anticipated an economic rebound. One of the largest government projects of the past few years, the National Infrastructure Pipeline (NIP), served as a conduit for these hopes.
The infrastructure sector has brought about significant benefits to the Indian economy. It is a broad field that crosses numerous industries, such as real estate, transportation, telecommunication, urban and rural development, and construction. Its contribution to India’s GDP was approximately nine percent.
When the “Infrastructure for Resilient Island States” program was launched in November 2021, India had a big chance to make a big difference in the lives of other vulnerable countries around the world. By 2024–2025, the government intends to invest roughly INR 102 lakh crore in infrastructure projects. Sectors including Energy (24%), Roads (19%), Urban (16%), and Railways (13%) account for nearly 70% of the IBEF’s projected capital expenditure in infrastructure in India for the fiscal years 2020 to 2025.
List of Top 9 Infrastructure in India (BSE) based on Net Profit.
Company Name | Net Profit (Rs. cr) |
HG Infra Engg | 421.38 |
Power Mech | 209.27 |
Nirlon | 157.92 |
Likhitha | 60.04 |
Indian Hume | 55.7 |
K.P. Energy | 43.82 |
OM Infra | 33.54 |
Generic Eng | 15.31 |
Kings Infra | 5.79 |
Source: BSE, India, last updated 22 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Zafar, S. T., Maqbool, A., & Chobey, D. S. (2011). A study on fundamental analysis of Indian Infrastructure Industry. Journal of Asian business management, 3(1), 187-204.
2. Zangoueinezhad, A., & Azar, A. (2014). How public-private partnership projects impact infrastructure industry for economic growth. International Journal of Social Economics, 41(10), 994-1010.
3. Gandhimathi, S., & Sudha, S. (2011). Relationship between Infrastructure Investment and Economic Development in India–A Comparative Study between Pre and Post Economic Reform Period. Asian Journal of Research in Business Economics and Management, 1(3), 205-211.
Disclaimer: This news is for information and research purposes only. It is not intended for financial advice.
Declaration of competing interest: Publisher and owner of this web-portal hereby declare that there is no competing interest.