A recent report unveiled during a CII conference in the National Capital has underscored the vital role of India’s road and highway sector in fostering economic growth and creating a more connected and inclusive society.
The report emphasizes the continued importance of expanding and strengthening India’s road network, particularly in light of the projected global infrastructure funding requirement of USD 3.7 trillion annually to align with GDP growth.
However, the report acknowledges the persisting challenges in the construction sector, including issues related to land acquisition, road quality, regulatory complexities and financial obstacles. Addressing these challenges is crucial for ensuring the successful execution of road and highway projects and maximising their positive impact on economic growth and societal development.
