India will require an investment of USD 2.2 trillion for infrastructure development to become USD 7 trillion economy by 2030, Knight Frank India said on Thursday, while stressing on the need of radical measures to encourage private participation in this area.
Real estate consultant Knight Frank India released a report, 'India Infrastructure: Reviving Private Investments', which mentioned that "an estimated investment of USD 2.2 trillion into infrastructure development is imperative to support India's GDP size to expand to USD 7 trillion by 2030."
To achieve an economic size of USD 7 trillion by 2030, India's economy is required to grow at a CAGR of 10.1 per cent between 2024-2030, it added.
Knight Frank India CMD Shishir Baijal said, "Strong impetus on infrastructural development and increased budgetary allocation by government has led to India's ranking in the Logistics Performance Index (LPI) improve from 54 in 2014 to 38 in 2023."
In the last few years, he said, there has been .
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