Busch, who is also CEO of Siemens AG's Infrastructure & Cities sector, said India needs to invest heavily in infrastructure if it needs to grow at 7-8 per cent rate.
“In the last 10-20 years or so, China has invested 9.5 per cent of its GDP in infrastructure. In comparison, India has done just about 3.8 per cent or so. If you look at segments within Indian infrastructure, you would see there is a great need for capacity addition. Just to give you an example, leading Indian cities are anticipated to see 100 per cent rise in commuter traffic by 2030,” he said.
