India is on course to build more railroads and highways in the ten years starting in 2025 than it built from 1950 to 2015.
The length of all national highways is expected to reach 1.8 lakh kilometres by 2025, while the extent of all railway lines would be 1.2 lakh kilometres, based on a report by Bank of America Securities India.
Between 1950 and 2015, just 4,000 kilometres of brand-new national highways were built in the nation, bringing the overall length to 77,000 kilometres in that year. By 2025, the highway is anticipated to be 1.8 lakh kilometres long, more than doubling its present length. In 1950, there were just 10,000 kilometres of rail lines in the nation’s rail network; by 2015, there were 63,000 kilometres.
However, the forecast states that by 2025, it will be 1.2 lakh kilometres.
The port’s capacity expanded from 777 MTPA in 1995 to 1,911 MTPA in 2015, and it is expected to more than triple to 3,000 MTPA by 2025, according to the statement. The country has been rapidly expanding the capacity of its essential infrastructure, notably its roadways and railways, since 2015.
In 2021, 89% of the population had sanitation facilities, an increase from 43% in 2015; 100% of households had access to cooking gas, an increase from 56% in 2015; 96% of households had access to electricity, an increase from 56% in 2000; 52% of households had access to tap water, an increase from 13% in 2015; 10 million had connections to piped gas, an increase from 2.5 million in 2015; and housing affordability were other instances of basic infrastructure.
The report estimates that the country will need to invest USD 385 billion between 2015 and 2030 just to meet its decarbonization targets for that year. As the country comes closer to the net-zero target by 2070, this spending will progressively increase.
The paper claims that financial digitization has raised bank account penetration from 35% in 2011 to 80%.
The rapid decarbonization will also reduce the use of diesel since natural gas will make up 15% of the energy mix by 2030 and ethanol blends in gasoline will climb from 6% to 20%. By 2030, the capacity of renewable energy will expand from 101 GW to 450 GW.
The research estimates that by 2030, all of these factors will lead to a capex of USD 385 billion, 106 GW of energy savings, and a decrease in CO2 emissions of 1.1 billion tonnes per year.