States need to raise infrastructure spending to Rs 110 lakh cr over next decade: Crisil

States need to scale up investments to Rs 110 lakh crore over the next decade to achieve India’s massive infrastructure targets, rating agency Crisil said on Tuesday.

States already account for 41 per cent of the overall infrastructure spending of Rs 77 lakh crore this decade, the rating agency said while releasing its Infrastructure Yearbook 2019.

“Infrastructure investments by states need to rise to Rs 110 lakh crore over the next decade (fiscal 2021-2030) — or 3.5 times an estimated Rs 32 lakh crore in the current decade — if India is to achieve its mammoth infrastructure build-out targets,” Crisil said in a statement.