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 March, 2023, the total length of National Highways in the country was 145,155 km.

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

* In April-July 2023, PV sales grew 7.81% year-on-year to 1,298,495 units, as against 1,204,360 units.

Attractive
Opportunities

* The Government aims to construct 65,000 kms of national highways at a cost of Rs. 5.35 lakh crore (US$ 741.51 billion) by 2022.

* A total of 202 national highway are at the implementation stage in the country and are 6,270 km in length.

* Andhra Pradesh will spend US$ 296.05 million to build 8,970 kms of roads.

* 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

* Transfer from National Investment Fund (NIF) was estimated at Rs. 20,000 crore (US$ 2.61 billion) as of March 2022.

* 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.

* In October 2021, the government issued a notice related to concessions under the Vehicle Scrapping Policy (effective from April 2022) to encourage vehicle owners towards discarding old vehicles which have higher fuel consumption costs.

Last updated: Oct, 2023

Indian Roads

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

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