Infrastructure Sector

A fascinating growth story has been unfolding in India over the past two decades. India’s GDP has reached from USD 270 billion in 1991 to USD 1780 billion in 2011 which making India’s economy the 11th largest in the world by nominal GDP and the third largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. 

According to some estimates, India will become the world’s third largest economy in 2050.  Even with a slower rate of growth during the current global economic downturn, the Indian economy is still expanding significantly and substantial investment in Indian Infrastructure continued to be required in order to sustain and increase the economic growth. The overall growth of GDP at factor cost at constant prices, as per Revised Estimates, is estimated at 6.5 per cent in 2011-12 as compared to the growth of 8.4 per cent during 2010-11. The growth in real GDP is placed at 5.3 per cent in the fourth quarter of 2011-12. The recovery of India Economy was interrupted due to intensification of debt crises in Euro zone, political turmoil in Middle East, rise in crude oil price and earthquake in Japan.