Indian growth story accelerated by highway expansion

An approximate of 60% of India’s cargo movement occurs by way of the road and highway system. The improved mobility provided by the expanding web of highways and expressways is expected to spearhead the change and help in lowering logistics costs to 10 per cent of the GDP from the current 16-18%.

The Indian road network is on track to reach world-class standards with widescale expansions and makeovers. Highways are the most integral aspect of a country’s functioning, connecting people, goods, and other raw materials.
The central government’s ‘Bharatmala’ project has helped in vigorously building a solid network of roads, highways, and expressways. India also plans to build at least 26 green expressways by 2025.

An approximate of 60% of India’s cargo movement occurs by way of the road and highway system. The improved mobility provided by the expanding web of highways and expressways is expected to spearhead the change and help in lowering logistics costs to 10 per cent of the GDP from the current 16-18%.
Nitin Gadkari, Union Minister for Road Transport and Highways recently said, that we can reduce the logistic cost up to 10 to 12% and that margin allows India to be more competitive in the international market, which will also facilitate export.
Bank of America Securities India report states that the country will witness development at an accelerated pace in the coming years. The report also said that the total length of national highways in the country is expected to reach 112,000 miles.
The report further indicates that India is on course to build more national highways during the decade ending 2025 than it has cumulatively built between 1950 and 2015.
As per current projections, the highway construction industry will register a tremendous growth of 133% by 2025, which is higher than any country in the world in recent times. India aim to reach a target of 60km of construction per day and is already building a record breaking 30km of road per day.
“The government is dedicatedly working towards the development of a national highway network of 2 lakh km length by 2025. It’s a big thing”, said Gadkari.

The government’s focus has not just been restricted to building premier roads but also aims to connect major industrial towns. The government will also connect every metro, town and village through a robust road connectivity system.

Launched in 2000, the Pradhanmantri Gramin Sadak Yojna (Prime Minister’s Village Road Scheme), aimed at providing connectivity to rural areas has covered a length of 780,000 kilometres since inception. The consolidation of the existing rural road network has enhanced the pace of travel and trade several-fold.

Babu Khan, a villager in Rajouri district said, “This road constructed under the PMGSY scheme is a nicely built one. This area was once a backward area and there were no roads here, but that problem is solved now”.

India’s expanding road and highway network has even reached the neglected and treacherous terrains of the Northeastern and Northern parts of the country.
The Border Road Organisation has been working overtime to build roads along the Indian border, enhancing the country’s military capabilities and road infrastructure is of paramount importance for speedy logistical support.

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