ADB says India will need 5 trillion by 2030 itself.
Currently, India invests close to $118 billion on roads, ports, railways, airports, power plants and other mega infrastructure projects.
ADB estimates the annual need for infra spending in India is $230 billion, which shows a gap of $112 billion or 4.1% of GDP. Adjusted for climate change-related investment, the annual infra investment need is $261 billion or 5.3% of GDP, ADB said.
Asian nations including India will require a massive $26 trillion investment in infrastructure till 2030 to sustain the economic growth momentum, Asian Development Bank said in a report on Tuesday, advocating reforms and regulatory changes to make mega projects attractive for private investors.
Updated: Feb 28, 2017
