Infrastructure is the backbone and key driver of the Indian economy and is highly responsible for propelling India's overall development. Roads, railways, electricity, and banking services are the very bricks on which the modern economy is built. Until and unless a nation has a robust infrastructure, other industries will find it difficult to grow and prosper.
The infrastructure sector has become the biggest focus area for the Government of India. India plans to spend US$ 1.4 trillion on infrastructure during 2019-23 to have a sustainable development of the country. There is an intense focus from the Government to create world-class infrastructure in India.
The increasing impetus to develop infrastructure in the country is attracting both domestic and international players.
India is the second most populous country in the world which makes enhanced infrastructure a necessity. The need to improve the educational framework, and healthcare facilities and cater to the vast demography creates an everlasting demand for superior infrastructure.
To enable the investors to invest in this sector seamlessly, ICICI Prudential is happy to announce the launch of the
*ICICI Prudential Nifty Infrastructure ETF* ,
an open-ended Exchange Traded Fund tracking the Nifty Infrastructure Index.
*NFO opens on Aug 5, 2022, and closes on August 8, 2022.
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