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What Would 40 kms a Day of Highway Building Mean for Infra Stocks?
Jun 18, 2019

Did you know, under Modi 1.0, India became the world's fastest highway building economy?

In the last five years, India constructed approximately 39,000 kms of highways. That is a jump of nearly 60% from the UPA-2 tally.

The NHAI achieved the pace of building highways at 32 kms per day in FY19. Its target for FY20, at 40 kms per day is almost 25% higher.

Now, I do not expect the 25% jump in road building to come in one fiscal.

However, it is important that the trend of improvement in execution continues. And such a trend could be a big tailwind for many companies in the infrastructure space

Data Source : NHAI, NITI Ayog

This Chart Of The Day was published in The 5 Minute WrapUp - How to Profit from Modi 2.0's Rs 100 Lakh Crore Infrastructure Plan

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