Road and Infrastructure Industry Analysis

The total length of the national highways in India has increased by about 59% in the last nine years, from 91,287 km in 2013-14 to 145,240 km in 2022-23.

Advantage India

Robust
Demand

* As of January 2024, the total length of National Highways in the country was 146,145 km.

* In CY 2023 period, 4 million units of passenger vehicles were sold compared to over 3.79 million units sold in the same period last year.

* Passenger vehicle (PV) sales rose by 26.7% year-on-year in FY23. The total passenger vehicle dispatches increased to 38.90 lakh units.

Attractive
Opportunities

* Shri Nitin Gadkari has unveiled over 200 projects totaling Rs 1.25 lakh crore earmarked for the next five years under the National Ropeways Development Programme known as "Parvatmala Pariyojana.“

* The Government aims to construct 65,000 kms of national highways at a cost of Rs. 5.35 lakh crore (US$ 741.51 billion).

* A network of 35 Multimodal Logistics Parks are planned to be developed as part of Bharatmala Pariyojana, with a total investment of about Rs. 46,000 crore (US$ 5.55 billion), which can handle around 700 MMT of cargo.

Higher
Investments

* Growing participation of PPP.

* NHAI will come out with the third and fourth rounds of Infrastructure Investment Trusts (InvITs) to raise over Rs. 20,000 crore (US$ 2.41 billion) in FY24..

* Under the Union Budget 2023-24, the Government of India has allocated Rs. 2.7 lakh crore (US$ 33 billion) to the Ministry of Road Transport and Highways.

Policy
Support

* 100% Foreign Direct Investment (FDI) is allowed under the automatic route in the road and highways sector.

* As on December 2023, the Bhoomi Rashi Portal had incorporated 1467 projects of the National Highways Authority of India (NHAI).

Last updated: Feb, 2024

Indian Roads

  • Srinagar
  • Golden quadrilateral
  • North South / East West / Corridor
  • Porbandar
  • Mumbai
  • Chennai
  • Kanyakumari
  • Kolkata
  • Silchar
Major Highways in India

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