Increase in infrastructure spends in the company
India’s infrastructure market is expected to touch $6.6 trillion by 2025, which will be nearly 12.5 percent of the Asia-Pacific. According to consultancy firm PwC, the Asia-Pacific infrastructure market is expected to grow by 7-8 percent a year over the next decade to over $53.6 trillion by 2025 and representing nearly 60 percent of the world total.
The increase in infrastructure spends in the country is likely to be driven by sectors like housing, telecom, healthcare, education, transportation, among others, it said. Overall, India’s share of the Asia-Pacific infrastructure market is expected to continue to grow, reaching around 12.5 percent or $6.6 trillion by 2025, PwC said in its report.
According to the report, transportation and utilities investments are expected to triple over the coming decade as income and travel demand will rise and the country’s population will increasingly congregate in urban centres.
This is happening due to faster development needs that have to be done in order to curb problems like traffic and connectivity. It is interesting to see India take a speedy development flight.
Source: The Hindu Business Line
Asia-Pacific infrastructure, Education, Healthcare, Housing, Infrastructure, PwC, telecom, Transportation
