Investment in infrastructure has consistently proven to be one of the most powerful engines of economic growth in India, delivering a GDP multiplier of nearly 2.5–3.5 times for every rupee spent. It occupies a central position in India’s long-term development strategy and the vision of Viksit Bharat by 2047. As India approaches Budget 2026, infrastructure is no longer merely a fiscal lever, it is a strategic instrument to sustain growth, catalyst for private capital, and manage the limits of public finances.
The article was authored by Ashish Suman, Partner, and Swapnil Singh, Associate, JSA, and was published in Economic Times Infra.
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Ashish’s key focus area is Infrastructure Specialty contracts as well as Public Procurement and Public Private Partnership with a focus on Construction, Transportation and Energy.