India plans to invest Rs 143 trillion in infrastructure from 2024 to 2030, more than double the spending of the past seven years, according to CRISIL. The nation anticipates becoming the fastest-growing large economy with an average GDP growth rate of 6.7% by FY31.
Per capita income is predicted to surge from $2,500 to $4,500 by 2031, driven by extensive infrastructure development, particularly focusing on sustainability. Green investments are set to soar to Rs 36.6 trillion, a fivefold increase since 2017. Key sectors like roads and power will remain prominent, while newer domains such as electric vehicles, solar, wind, and hydrogen are poised for gradual growth.