Index : 1,260 | 1Yr : +1.97% | 1Mo : +9.03%
Category : Sectoral Trackers
Min Investment : 10,149
Economic growth is directly proportional to the infrastructure development of a country. By 2050, India is estimated to be the third largest economy in the world. To make this happen, the government needs a deliberate strategy and a follow through mechanism to promote infrastructure companies to complete important projects. Currently India suffers from poor infrastructure all round. Nearly all sub-sectors with public and private infrastructure present large opportunities be it road development, airports, Marine ports & terminals, railways and power.
While the need for infrastructure is clear, it is important for the government and the entire ecosystem to manage the progress in a sustainable manner. There are various hurdles that have dampened the progress of this sector in the past like rigid government policies, lengthy regulatory processes and quantum of funds.
The newly elected Modi Government has made infrastructure the top agenda. As per NITI Ayog's directional framework, the government will work towards 5 major areas of infrastructure namely, Railways, Roads, Ports, Inland waterways and affordable housing. Other major missions such as Smart Cities, Make in India and National Mission for Clean Ganga (NMCG). The National Investment and Infrastructure Fund (NIIF) is a new step to ensure sustainable funding to accomplish these much needed projects.