Investment in road, highways key to sustaining economic growth: Report
India’s road and highway sector’s growth is vital not only for
economic development but also for creating a more inclusive and connected society, a report has said.
The report, released at a CII conference here on the road and highways sector, also emphasised the crucial role of road infrastructure in stimulating economic growth, fostering investor confidence, generating employment, and enabling inclusive development, according to a statement.
With a projected global infrastructure funding requirement of USD 3.7 trillion annually to keep pace with GDP growth, the significance of continued expansion and strengthening of India’s road network remains paramount, the report stated.
