Railways, roads and highways sector to get the largest chunk of investment in Modi 2.0: ICRA

Railways, roads and highways sector are to get the largest chunk of investment over the next five years as the government is expected to spend Rs 30 trillion in the transport sector in India, market research firm ICRANSE -0.56 % said.

Taking cues from the BJP manifesto, ICRA said that railways is expected to receive a financial outlay of Rs 10-12 trillion over the next five years while up to Rs 9 trillion is expected to be pumped into the roads and highways sector.

“Amongst the key segments, transport infrastructureNSE -1.87 % is expected to see a major jump with an estimated Rs. 25-30 trillion of capital outlay over the next five years. Such an investment will provide tremendous long-term benefits for the Indian economy. The construction companies are likely to be the major beneficiarie