New Delhi, India, 28 February: According to a research by Share India Securities, government-led programs like the Jal Jeevan Mission are propelling significant infrastructure investments in India’s water sector, opening up an annual potential of Rs 1 lakh billion.

The water and wastewater market in India is expected to develop at a compound annual growth rate (CAGR) of 11.6%, reaching USD 17.9 billion by FY29, according to the research.

It said that “Government-led initiatives such as the Jal Jeevan Mission are driving significant infrastructure investments, unlocking an annual opportunity of Rs 1,000 billion in the sector” .

Only 30% of the nation’s wastewater is treated, which is a significant problem. By 2027, the union government intends to have established more than 500 additional treatment facilities, increasing the total amount of treatment capacity by 20 billion liters.

For India, water shortage is still a major problem. Only 4% of the world’s freshwater resources are found in the nation, which is home to 18% of the world’s people.

As a consequence, India is among the most water-stressed countries in the world, with approximately 66% of its people under water stress.

The predicament is made worse by the nation’s incapacity to treat wastewater. Only 30% of India’s wastewater is now treated, resulting in a 60 billion liter daily deficit. There has never been a more pressing need for improved water management, cutting-edge treatment technology, and infrastructural expenditures.

With per capita water availability falling from 1,800 m3 in 2001 to a projected 1,300 m3 by 2031, the nation has been “water-stressed” since 2011. India would not be able to meet almost half of its water demands.

According to the research, the worldwide water treatment market is expected to increase at a compound annual growth rate (CAGR) of 7.5%.

The rise of industry and the growing effects of climate change, which are straining water supplies globally, are the main drivers of this increase.

The industry is using cutting-edge technologies like sophisticated desalination to transform saltwater into potable water, premium membrane technology for more effective filtration and purification, and bio-filters to enhance wastewater treatment procedures in order to meet these problems.

It is anticipated that the Indian government’s efforts to promote water infrastructure via initiatives like Jal Jeevan Mission would greatly increase industry investments.

Businesses engaged in infrastructure, technological development, and water treatment stand to gain from the Rs 1 trillion in chances available each year.

According to the research, addressing India’s escalating water problem and guaranteeing the nation’s water security in the future would need public-private partnerships (PPP), technical developments, and sustainable practices.