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India needs $2.2 trn investment to be $7 trn economy by 2030: Knight Frank

Business Standard LogoBusiness Standard4h ago

India needs $2.2 trn investment to be $7 trn economy by 2030: Knight Frank - Business Standard

Quick Summary:

Real estate consultant Knight Frank India released a report, 'India Infrastructure: Reviving Private Investments', which mentioned that "an estimated investment of USD 2.2 trillion into infrastructure development is imperative to support India's GDP size to expand to USD 7 trillion by 2030".

India will require an investment of USD 2.2 trillion for infrastructure development to become USD 7 trillion economy by 2030, Knight Frank India said on Thursday, while stressing on the need of radical measures to encourage private participation in this area.

Knight Frank India CMD Shishir Baijal said, "Strong impetus on infrastructural development and increased budgetary allocation by government has led to India's ranking in the Logistics Performance Index (LPI) improve from 54 in 2014 to 38 in 2023".


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Article Details

Category: BusinessFinance

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 12:58:31 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24371166

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