India is projected to be one of the fastest growing major economies in the world with an ambitious target of growing to a US$ 10 trillion economy by 2030-2035 and US$ 26 trillion by 2047, to emerge as the world’s third largest economy behind the United States and China. The infrastructure sector will play a critical role in India’s economic growth. The blueprint for Indian infrastructure development was laid down in the National Infrastructure Pipeline (December 2019). As per the Economic Survey, 2022-23, after wide ranging structural reforms and policy initiatives, the financial cycle is poised to turn upward.
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