This resilient growth of the economy has been made possible by a wide variety of business reforms adopted by the Government of India over the past few years. This includes a broad spectrum of enabling policies ranging from tax reforms, fiscal incentives, export support, logistics infrastructure development, digital & banking support, ease of doing business reforms etc. The business environment in the country has evolved to be one of the best in the region. Some of the major reforms adopted are as illustrated below:
India hosts one of the fastest growing networks of infrastructure in Asia, including rail network, airports, ports, highways & industrial corridors connecting all parts of the country with the world. Some key statistics related to infrastructure capacity in India is listed below:
Largest Rail Network in Asia (with 108,706 kms of railway tracks).
3.5+ Bn Passengers & 1.4+ Bn tonnes of freight carried annually
#2 Road network globally (with 63.73 lakh kms of road network).
37 Km of roads constructed daily, highest recorded historically.
More than 3 Mn MT of cargo handled in 2022.
123+ Mn domestic & 43+ Mn international passengers serviced annually.
1600+ MTPA cargo handling capacity of the Major Ports.
200+ Major & minor ports well connected with road and railway lines.
India has about 14,500 km of navigable waterways which comprise of rivers, canals, backwaters, creeks, etc. About 126 Million Metric Tonnes (MMT) of cargo is being moved anually by Inland Water Transport (IWT).
