With the Central Government focusing strategically on the Infrastructure sector, the Indian economy is at the cusp of growth. This will have a better impact and will play a significant role in the advancement of the country. India’s Union Budget 2023-24 had a significant focus on improving the overall infrastructure ecosystem, be it the creation of a robust road network, railroads, or airports or by simply creating disruptive projects.

The central government has done a commendable job by focusing its synergies on the infrastructure industry. A budget of spending over US$1.4 trillion, through the ‘National Infrastructure Pipeline’ projects, on infrastructure has been planned for the next five years.

A well-time-bound development plan can be met by 2025 through India’s goal of achieving US$5 trillion. The Government of India (GoI) has launched initiatives such as Make in India and Production-Linked Incentives (PLI) schemes to boost the growth of the infrastructure sector.