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Indias last three budgets, which can be seen as statement of economic policy, have focused on two major principles: to portray India as an attractive destination for capital, and increase in public spending to raise returns and attract private investors.
Uncertainty has descended upon the $150-billion Indian outsourcing industry in anticipation of the protectionist regime under President Trump. Protectionism has been a popular election rhetoric across nations, and more so in recent times. And the voting masses seem to like it. Will Trumps campaign cry for protectionism cross the boundaries of poetic drama and come alive as laws?
- India's Planning Commission has projected an investment of $1 trillion for the infrastructure sector during the 12thFive-Year Plan (2012–2017), with 40% of the funds coming from the country’s private sector
- The value of total roads and bridges infrastructure in the country is projected to grow at a compound annual growth rate (CAGR) of 17.4% over FY 12–17. India’s roads and bridges infrastructure, which was valued at $6.9 billion in 2009, is expected to reach $19.2 billion by 2017.
- Just recently, the Govenment allowed 100% foreign direct investment (FDI) under the automatic route for port development projects. The government has also, this year, decided to convert roads into national highways, and has sought collaboration with Sudan in the field of renewable energy.
- The FDI inflows in construction (infrastructure) activities during the period April 2000 – March 2014 stood at $2,575.79 million.
- Presently, steel contributes to nearly 2% of the gross domestic product (GDP) and employs over 500,000 people.
- The total market value of the Indian steel sector stood at $57.8 billion in 2011 and is expected to touch $95.3 billion by 2016.
- The steel sector in India contributes nearly 2% of the country’s gross domestic product (GDP) and employs over 600,000 people.
- India produced 7.07 MT of steel in January 2015 reporting the fourth highest production level globally which was 1.7 per cent higher than the country's steel production in the same month last year.