India Roads and Highways Sector Market Forecast 2028: Trends & Competition
The India Roads and Highways Sector Market is anticipated to grow at a robust rate in the forecast period, 2024-2028. Several government plans towards urbanization as well as smart city plans are the major factors propelling the market growth in the forecast period. For instance, India has the world's second-largest road network, with a total length of 5.89 million kilometers (kms). The overall road network in India is 6.37 million kilometers, including national and state highways, as well as urban and rural roads, making it the world's second largest investor. National Highways (NH) make up 2% of the overall road network and handle more than 40% of total traffic. In the highway sector, India has a well-developed framework for Public-Private Partnerships (PPP). The Asian Development Bank placed India at the top in terms of PPP operational maturity and identified it as a mature market for PPPs. Additionally, the length of NHs has in...