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IPFS News Link • India

India pulling it together on infrastructure is entering a China scale buildout

• https://www.nextbigfuture.com, brian wang

In 2017 China is at $23.1 trillion in PPP GDP
India is at $9.49 trillion PPP GDP
China was $9 trillion PPP GDP in 2007.

India is projected to reach $15.4 trillion in PPP GDP in 2022
China was at $15.2 trillion PPP GDP in 2012

A long term projection to 2030 has
China at $47 trillion PPP GDP
India at $21 trillion PPP GDP.

India infrastructure has been notoriously bad but the Economist has reported that it is mostly no longer an embarrassment.

India's 2017 budget had a 25 percent increase in overall capital expenditure — including US$60 billion committed to infrastructure spending. Of all the sectors within infrastructure, transport has received the highest sum in the 2017–18 budget — US$35 billion — much of it aimed at improving safety, cleanliness and comfort for rail passengers. Among the top priorities are a passenger safety fund, an end to unmanned level crossings on broad gauge lines, solar power for more than 7000 railway stations, bio-toilets in all coaches, and an extensive station development and refurbishment plan, including access for differently-abled people through elevators and escalators.


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