HUDCO: “The New India – Infrastructure"

 

  • HUDCO:  “The New India – Infrastructure"
  • The Government’s vision for $7 trillion economy by 2030 and Viksit Bharat by 2047 (Developed India by 2047) is poised to generate huge demand of funding for infra development with initiatives
  • HUDCO’s recently acquired NBFC-IFC status (from RBI), would further reinforce HUDCO’s role in mitigating funding gap for infrastructure development   
  • Morgan Stanley in its recent report, “The New India – Infrastructure” has anticipated a 15.3 per cent compound annual growth rate (CAGR) in infrastructure investments, which is projected to result in a cumulative expenditure of in India over the next five years. 
  • CRISIL Year Book 2023: India will spend nearly ₹ 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the ₹ 67 lakh crore spent in the previous seven starting fiscal 2017    

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