In its Economic Outlook for Asia Pacific, S&P said growth this year and the next is on track to be the strongest in emerging market economies with solid domestic demand India, Indonesia, Malaysia, and the Philippines. Get more Economy & Infra News and Business News on Zee Business.
A new Vision 2047 may replace Bharatmala Phase 2, bringing in a flurry of greenfield projects in the sector, which have higher capital intensity. While fastag revenues have shown a strong growth of 24 per cent year-on-year in the April-September period, high frequency indicators such as GST and fuel consumption indicate that FY24 will register record toll revenues of Rs 67,000 crore, the SBICAPS report stated.
Addressing the 89th General Council meeting of the NCDC, Shah said, "NCDC is set to achieve 10 times growth in the disbursement of financial assistance in the current financial year from Rs 5,300 crore in 2013-14". "With such an impressive performance, I am confident that the NCDC will be able to achieve the target of Rs 50,000 crore kept for the 2023-2024 fiscal," he said in a statement.