Try GOLD - Free

Long distance travelled, but ‘90% of India yet to be built'

Business Standard

|

January 01, 2025

From the year 2000, fast forward to 2024, and the country stands at a pivotal moment — one where roads stretch across vast distances, bullet trains are on the horizon, and ports hum with the promise of global trade dominance

- DHRUVAKSH SAHA & DEEPAK PATEL

Long distance travelled, but ‘90% of India yet to be built'

When the 21st century dawned, India's infrastructure landscape was largely defined by slow progress, scattered projects, and limited private participation. Fast forward to 2024, and the country stands at a pivotal moment - one where roads stretch across vast distances, bullet trains are on the horizon, and ports hum with the promise of global trade dominance.

From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation. Yet, this journey, spanning a quarter century, has been marked by both groundbreaking achievements and challenges, like stalled projects and safety concerns, with much left to build as the nation looks toward its ambitious future of being a $30 trillion economy by 2047.

Roads and Highways: The journey to growth

As India was about to complete a year of the new millennium, then Prime Minister Atal Bihari Vajpayee, in December 2000, launched Phase-1 of the National Highways Development Programme - the golden quadrilateral, which was the largest highway development project in India at the time, and is seen by many as the first major step towards integrated infrastructure development in the country.

Now in 2024, India's national highway network has nearly tripled to 146,000 kilometres (km), with modern amenities like access-controlled expressways and GPS-based toll collection plazas. The added infrastructure, aided by the rapid rise of automobile ownership, has also allowed a private industry to flourish, with toll collections being a key part of the metamorphosis.

According to the Ministry of Road Transport and Highways (MORTH), commuters have paid ₹2.1 trillion in tolls on national highways since the year 2000. Of this, ₹1.4 trillion has been pocketed by private corporations. The median compound annual growth rate (CAGR) of national highway tolls over the past 25 years is 12 per cent.

MORE STORIES FROM Business Standard

Business Standard

Business Standard

Brookfield Reit seals India's record office real estate deal

Brookfield India Real Estate Trust (Reit) has signed binding agreements to acquire Ecoworld, a Grade-A office campus spanning 7.7 million square feet (msf) in Bengaluru, for ₹13,125 crore.

time to read

2 mins

November 06, 2025

Business Standard

India-Japan partnership enhances stability in Indo-Pacific: Jaishankar

The India-Japan partnership enhances the strategic stability in the Indo-Pacific region and contributes to economic growth at the global level, External Affairs Minister S Jaishankar said on Wednesday.

time to read

1 min

November 06, 2025

Business Standard

MF equity buying in October lowest in 6 months

NET INFLOWS INTO ACTIVE EQUITY SCHEMES HAVE MODERATED SINCE HITTING AN ALL-TIME HIGH OF 342,702 CR IN JULY. IN SEPTEMBER, INVESTORS HAD PUT IN $30,422 CR

time to read

1 min

November 06, 2025

Business Standard

'India, US holding continuous talks for trade pact'

Commerce and Industry Minister Piyush Goyal on Wednesday said India and the US are holding continuous discussions for the proposed bilateral trade agreement.

time to read

1 min

November 06, 2025

Business Standard

Business Standard

'A titan of business and a true gentleman'

Iam deeply saddened by the passing of my dear friend Gopichand Hinduja.

time to read

3 mins

November 06, 2025

Business Standard

Business Standard

Cement, chemicals drive Grasim net profit up 76%

Grasim Industries on Wednesday reported a 76 per cent rise in consolidated profit in the September quarter (Q2 FY26) to%553 crore from the year before, driven by its cement and chemicals businesses making higher profits and traction for new-age segments.

time to read

1 mins

November 06, 2025

Business Standard

MF equity buying in Oct lowest in 6 mths

Experts attribute this to profit booking, elevated valuations

time to read

2 mins

November 06, 2025

Business Standard

Embassy Reit posts 15% increase in NOI

Embassy Office Parks Reit on Wednesday reported a 15 per cent increase in its net operating income (NOI) to ₹927 crore for the second quarter of this fiscal year.

time to read

1 min

November 06, 2025

Business Standard

Business Standard

Paytm bets on AI-led revenue growth, cost-efficiency

After helping rein in costs, Paytm’s artificial intelligence (AD)-led product focus is expected to further drive revenue growth, founder and chief executive officer (CEO) Vijay Shekhar Sharma said on Wednesday.

time to read

1 mins

November 06, 2025

Business Standard

Business Standard

Zohran Mamdani elected NYC Mayor in historic first

TARGETS TRUMP, BACKS IMMIGRANTS, INVOKES NEHRU, CALLS FOR CHANGE

time to read

2 mins

November 06, 2025

Listen

Translate

Share

-
+

Change font size