Analyzing Infrastructure Spending Statistics and the Role of Construction Project Management in India
Infrastructure is the backbone of any thriving economy, and India, as one of the fastest-growing economies in the world, is no different. India's infrastructure sector has been a key driver for the nation's overall development and enjoys intense focus from the government for initiating policies to ensure world-class infrastructure in the country. The current state of infrastructure in India is a mixed bag. On one hand, we have seen significant advancements in areas like digital infrastructure, power, and transportation. On the other hand, challenges persist in areas like water supply and sanitation, waste management, and rural infrastructure. Detailed Infrastructure Spending Statistics in India In recent years, India has significantly ramped up its infrastructure spending. According to the Union Budget 2020-2021, an outlay of over INR 100 trillion (approximately $1.4 trillion) was planned for infrastructure projects over the next five years. This represents a considerable incre