FCC

Top Challengers - 2023

2023-07-29

The key to India's transformation from a developing nation to a developed one lies in strengthening its infrastructure across sectors, whether it is power, transportation or commercial infrastructure. This development will not only improve trade and commerce but lead to sociocultural development. All this, in turn, will drive the country’s economic growth.

If the latest data on Indian roads is anything to go by, there is no looking back on the development front. To put it in perspective, India now has the second-largest road network in the world. With 1,45,240 km, the country now stands next only to the US on the basis of road network. “American roads are not good because America is rich; America is rich because American roads are good,” former US President John F Kennedy once famously said. No wonder the Indian economy has remained resilient while developed nations and other developing economies witnessed turbulence over the past four quarters!

Along with roads, there has been considerable visible growth in the railway network too (it stands at 55,198 km) and there are now 152 airports and 20 metro cities. Almost 95 per cent of villages have power and there are over 100 unicorns on the business front. While economic growth is visible, even the barometer of our financial health, benchmark equity indices, are trading at all-time high levels.