States need to raise infra spending: Crisil

New Delhi: States need to scale up investments to Rs 110 lakh crore over the next decade to achieve India's massive infrastructure targets, rating agency Crisil said on Tuesday.

States already account for 41 per cent of the overall infrastructure spending of Rs 77 lakh crore this decade, the rating agency said while releasing its Infrastructure Yearbook 2019.

"Infrastructure investments by states need to rise to Rs 110 lakh crore over the next decade (fiscal 2021-2030) – or 3.5 times an estimated Rs 32 lakh crore in the current decade – if India is to achieve its mammoth infrastructure buildout targets," Crisil said in a statement.

The agency said for the country-wide infrastructure, required spending will be Rs 235 lakh crore over the next decade.