The future of infrastructure in India
For any country, its infrastructure is a matter of pride. From roadways, railways to airports and other smart-city initiatives, the last few years have witnessed a phenomenal change in the sector, leading to world-class facilities coming up across various parts in the country.
Infrastructure Industry in India has been experiencing rapid growth in its different sectors with the development of urbanization and increasing involvement of foreign investments in this field.
Infrastructure growth is visible throughout the country in the form of new highways, roads, ports, railways and airports, power plants, urban and rural infrastructure, including water supply, sewerage, and drainage, irrigation and agriculture systems.
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.
Traditionally, building and maintaining infrastructure in India has been one of the responsibilities of government. But with time, the government has started permitting private sectors into the field of infrastructures.
Currently, many of the infrastructure projects in the country are handled either solely by private sector enterprises or under a joint venture of the public and private sector.
It is predicted that India is on its way to becoming the third largest economy in the world. But for that to happen, the conditions of infrastructure in India will have to improve massively.
More investment needs to be made in this sector. Presently we see the government giving importance to making more roads and signing international accords to create economic corridors. These will help take India to an international platform.
The Government of India is expected to invest highly in the infrastructure sector, mainly highways, renewable energy and urban transport.
Infrastructure in India has still a very long way to go before we can call ourselves a developed nation. There are still broad disconnects between the rural and the urban sectors. The roads and other means of contact between these two sectors are still not very developed.
We require well-paved roads connecting the remote areas of the country with the urban states so that more and more facilities are made available to the rural Indian population.
A lot of artisans and farmers still work in the remote places of the country and are unable to sell their products in the mainland due to lack of proper infrastructure.