Road and Infrastructure Industry Analysis

The government aims to construct 23 new national highways by 2025.

Advantage India

Robust
Demand

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

* In FY24, 4.2 million units of passenger vehicles were sold compared to over 3.8 million units sold in the same period last year.​​

* Passenger Vehicle (PV) sales rose by 10.5% year-on-year in FY24. The total passenger vehicle dispatches increased to 38.90 lakh units.​

Attractive
Opportunities

* Union Minister of Road Transport & Highways Mr. Nitin Gadkari has unveiled over 200 projects totaling Rs. 1.25 lakh crore (US$ 14.97 billion) 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$ 64.17 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 2024-25, the Government of India allocated Rs. 2.70 lakh crore (US$ 32.68 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: Jan, 2025

Indian Roads

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

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