NamasteGrowthIndia MorganStanley’s comparison between India and China regarding infrastructure:
Historical Context:India’s infrastructure competitiveness has historically been hindered by poor infrastructure.
Recent Improvements: However, in recent years, India has significantly improved its infrastructure, with a focus on scaling up and modernizing physical assets.
Government Initiatives: Initiatives like GatiShakti show promise for further progress.
Comparison to China: When comparing infrastructure scale relative to GDP, India fares favorably against China, often seen as the benchmark for large-scale infrastructure development.
Long-Term Plans: India has sector-specific infrastructure plans, including Bharatmala for roads, Sagarmala for port connectivity, and waterways development.
Tangible Benefits: These investments help goods move faster and more affordably.
Future Projections: India’s infrastructure spending is expected to rise from 5.3% of GDP in 2024 to 6.5% by 2029, indicating significant growth.
Relative Size:*While China excels in efficiency and quality, India’s ongoing investments suggest progress and potential for further development.
Looking ahead, India’s infrastructure investment is projected to increase steadily, reaching a cumulative spending of USD 1.45 trillion over the next five years. Despite visible differences, India’s physical infrastructure is not significantly lagging behind China’s considering the size of their respective economies.
What Morgan Stanley Said Comparing India vs China Over Infrastructure https://lnkd.in/d6ta8KFu
Originally published on LinkedIn on 2024-06-24 13:44:44: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7211001299717259264
