India is likely to see implementation of one of the biggest infrastructure programmes in the 21st Century, amongst the largest economies and creating fiscal sources of capital would be key to this initiative, according to the 'KPMG 2024 Infrastructure and Transport CEO Outlook' report.

The report, which comes in the backdrop of India emerging as the world's fastest-growing major economy fuelled by government expenditure on big ticket projects in the highways, seaports, airports and railways sectors, says that steps to unlock foreign and domestic capital via innovative financial structures and facilitating ease of investments will be vital. It says a survey of 120 sector leaders from across the world found that CEOs in the infrastructure and transportation sector anticipate business growth over the next three years, in terms of earnings and headcount.

According to it, 63 per cent of these CEOs expect earnings to grow by over 2.5 per cent over the next three years but they are concerned about the impact of AI and other new technologies