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On This Day - Aug 12, 2017

Apart from insurance, there is yet another sector where I see Megatrend like opportunities emerging. That is nothing but roadways. India has the second largest road network across the world at 4.7 million km. This road network transports more than 65% of all goods in the country and 85% of India's total passenger traffic. Road transportation has gradually increased over the years with the improvement in connectivity between cities, towns and villages in the country.

Sales of automobiles and movement of freight by roads has grown rapidly over the decade. So, the government earmarked 20% of the US$ 1 trillion infrastructure outlay to develop roads. Also in the Union Budget 2017-18, the government allotted Rs 640 bn to NHAI for roads and highways. The National Highways Authority of India (NHAI) is targeting to build 50,000 km of roads by 2022. Its long-term goal is to double the length of the national highway network to 200,000 km.

Data Source: IBEF


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