MOSCOW, September 16 (RIA Novosti) – India’s infrastructure market may reach $6.6 trillion by 2025 forming 12.5 percent of the Asia-Pacific total, The Times of India stated.
"Overall, India's share of the Asia-Pacific infrastructure market is expected to continue to grow, reaching around 12.5 per cent or $6.6 trillion by 2025," The Times of India reported Monday referencing an official report by PwC.
According to the news website, the boost in the country’s infrastructure is said to be propelled by various sectors, including housing, telecom, healthcare and transportation.
"The ongoing development of the technology services sector, as well as demand from households, is likely to drive investment in telecommunications infrastructure,” The Times of India reported. “The population is expected to grow much faster than other countries in the region, which will further boost demand for infrastructure sectors serving households."
A number of other factors will also contribute to an increased infrastructure market in India in the long run, including Asia’s economic prominence and trade competitiveness.
The news comes amid reports that the price of gold in India has decreased by a quarter, weakening Indians’ confidence in gold as a store of wealth.
