Forecast on roads and highways
As per the TechSci Research Report, the roads and highways sector of India is expected to witness huge upsurge in coming years on account of increasing requirements propelled by economic development. The increasing traffic and ageing road infrastructure will attract huge investments in building roads and highways in India. The growth in population and increasing disposable income of people leads to increased requirement of public infrastructure which will pose a huge expansion in roads and highways network in the country.
The roads in India account for 85 per cent of passenger traffic and 65 per cent of freight traffic. The high dependency on road transport network has led to increase in focus of the government on expanding the road infrastructure network in the country.
“There is a huge potential in India to make investments in roads and highways infrastructure. The government of India has planned to increase the rate of road construction in near future which will require huge investments in the sector. The requirement for road infrastructure development is from all quarters of the nation which includes development in rural and urban areas. The development of smart cities and enhancement of accessibility to rural areas in India will attract huge investments in building road network,” states the report.