India to have 1.8 lakh km highways and 1.2 lakh km rail lines by 2025: Report
A consistent increment in the total length of highways and railways has been recorded in the country
A consistent increment in the total length of highways and railways has been recorded in the country.
A new report from Bank of America Securities India further reveals that India is on its journey to surpass all the records of developing rail lines and highways.
The report claims that by the end of the decade in the year 2025, the county will have constructed more highways and rail lines than it has cumulatively built between 1950 and 2015.
Resultantly, it is being calculated that India will have over 1.2 lakh km of railway lines and 1.8 lakh km of highways by 2025.
Between 1950 and 2015, the nation built only 4,000 kilometres of national highways, taking the total length to 77,000 kilometres in 2015.
However, the highway length is on course to cross 1.8 lakh kilometres by 2025 more than double the existing length in ten years' time.
When it comes to the rail network, the nation had only 10,000 kilometres of rail lines in 1950, which rose to 63,000 kilometres in 2015. But it is slated to touch 1.2 lakh kilometres in 2025, the report said.
The port capacity which was only 777 MTPA in 1995 rose to 1,911 MTPA in 2015 and is on course to more than double to 3,000 MTPA by 2025, it said.
The country has been rapidly augmenting transportation and basic infrastructure capacity across sectors such as highways and railways since 2015.
Basic infrastructure like sanitation access has touched 89 per cent of the population in 2021 from 43 per cent in 2015; cooking gas coverage reached 100 per cent in 2021 from 56 per cent in 2015; 96 per cent households have electricity access now up from 56 per cent in 2000; tap water coverage is 52 per cent now from 13 per cent in 2015 and is likely to be 100 per cent coverage by 2024; piped gas connections is at 10 million now from 2.5 million in 2015; and affordable rural housing is at 25 million now up from 1 million in 2015, the report said.
On the de-carbonisation front, the report said that the country will be spending USD 385 billion over 2015-30 just to meet its 2030 de-carbonisation goals, which will accelerate materially over time and help it transition to the net-zero goal by 2070.
On the financial front, and financial digitisation front, the report said bank account penetration has reached 80 per cent now from 35 per cent in 2011.