View: What India needs to sustain its infrastructure development momentum

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Key Points

Infrastructure investments should nearly double by 2030, with spending at 143 lakh crore over 2024-30, compared with 67 lakh crore during 2017-23, with a focus on bigger projects, sustainability, innovative funding and continued policy reforms...

Compared to FY2019, four sectors - roads and highways, power transmission, RE, and ports - have a score of greater than 70% in Crisil's InfraInvex index in FY2023, while RE, railways and power have logged improvement of over 15% (compared to 2019), driven by reforms and improvement in financial metrics...

Increased awareness, global climate-related targets, and the focus and preference of investors for green investments have put stakeholders - including governments and regulatory agencies, lenders, private sector developers, suppliers and contractors - on notice..

Long-term funding: Greater role of long-term funding (debt and equity), through focused entities such as the National Bank for Financing Infrastructure and Development (NBFID) and non-banks such as Power Finance Corporation, Rural Electrification Corporation and NIIF, will be important...

Ensuring land availability and coordinated Centre and state policy frameworks to spur greater private sector participation and further improve the 'ease of doing business'.Continued support and incentives for emerging technologies and sustainable solutions such as carbon market development, RE reintegration in the grid and PLI scheme for the EV value chain and storage...

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