Is India Among the Top 5 for Private Infrastructure Investment?
Synopsis
Key Takeaways
New Delhi, Jan 29 (NationPress) The World Bank has placed India in the top 5 nations worldwide for private investment in infrastructure within the realm of low- and middle-income economies. Infrastructure remains pivotal to India's developmental agenda, as indicated by the Economic Survey 2025-26, highlighting a consistent rise in public capital expenditure since FY15.
The Survey attributes this progress to the establishment of multimodal planning via PM GatiShakti, alongside the National Logistics Policy and digital platforms that have effectively lowered transaction costs and execution risks.
Capital expenditure has surged nearly 4.2 times, jumping from Rs 2.63 lakh crore in FY18 to Rs 11.21 lakh crore in FY26 (BE). The effective capital expenditure for FY26 (BE) is projected at Rs 15.48 lakh crore, reinforcing infrastructure's role as a vital growth catalyst, acknowledging the significant multiplier effects it creates within the economy.
Furthermore, India's infrastructure financing is evolving, diversifying away from traditional bank loans, with NBFC credit to the commercial sector experiencing a robust CAGR of 43.3% during FY20–FY25.
The National Highway network has expanded by approximately 60%, growing from 91,287 kms in FY14 to 1,46,572 kms in FY26 (up to December).
Operational High-Speed Corridors have seen a dramatic rise, increasing nearly 10-fold from 550 kms in FY14 to 5,364 km in FY26 (up to December).
Additionally, the rail network reached 69,439 route km (as of March 2025), with a target of adding 3,500 km in FY26, achieving an impressive 99.1% electrification rate by October 2025.
Key initiatives include Economic Railway Corridors, Mumbai-Ahmedabad High Speed Rail, Dedicated Freight Corridors, Station Redevelopment, and track upgrades.
In aviation, the number of airports has increased from 74 in 2014 to 164 in 2025.
Domestic airports handled 412 million passengers last fiscal, with projections to rise to 665 million by FY31.
Moreover, air cargo volume escalated from 2.53 MMT in FY15 to 3.72 MMT in FY25, according to the Survey.
Thanks to initiatives like Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, Indian ports have achieved nearly global standards in average container vessel turnaround time, with seven ports now ranking among the top 100 in the World Bank’s Container Port Performance Index 2024.
As of November 2025, 32 National Waterways are operational, covering 5,155 kms, with cargo operations on 29 NWs, cruise operations on 15 NWs, and passenger services on 23 NWs. The shipbuilding sector received Rs 69,725 crore in September 2025 to enhance the country’s shipbuilding and maritime ecosystem.
Importantly, the power sector has seen consistent capacity growth, with installed capacity rising 11.6% (YoY) to 509.74 GW as of November 2025. Renewable energy now accounts for approximately 49.83% of total power generation capacity, positioning India as third globally in overall RE and installed solar capacity, and fourth in installed wind capacity.
The Survey indicates that total renewable energy capacity has more than tripled over the past decade, soaring from 76.38 GW in March 2014 to 253.96 GW by November 2025.