India has an infrastructure investment need of $4.5 trillion by 2040, making it the second-largest infrastructure market in Asia after China as per the forecast given by Global Infrastructure Hub along India to be Second Largest Infrastructure Market by 2040with Oxford Economics.

The report, states, “It is important to note that over half of the forecast infrastructure spending need to 2040 is contributed by just four countries: China, the US, India and Japan.” 50 countries and seven sectors – energy, telecommunications, ports, water, airports, rail and road were covered for analysis.

India contributes almost three-fifths of the additional requirement for Asia. India’s gross domestic product per head currently stands at $1,600 and is forecast to rise to $4,800 by 2040, states the report. “As India develops, we estimate the country will need to invest $3.9 trillion under current trends, increasing to $4.5 trillion under the investment need scenario,” the report added about India.

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