Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. Infrastructure sector includes power, bridges, dams, roads and urban infrastructure development.
The Indian economy is currently around Rs 190 lakh crore (GDP at current market prices, 2018-19) which comes out to be $2.8 trillion, converting it in dollar terms taking average exchange rate of the financial year.
Depiction of the Indian economy, projecting the country’s gross domestic product (GDP) would grow at 7% in 2019-20, against a five-year low of 6.8 per cent the preceding year. This low in GDP was with political stability facilitating a pick-up in demand and investments. India would need to grow at 8 per cent annually to become a $5-trillion economy by FY25, the survey projected.