In 2015, India invested an overi 5 percent of its GDP on infrastructure. The Global Assessment Report – 2015, estimated average annual losses due to disasters in India at almost $10 billion. Over 65 percentii of public sector losses due to major disasters in India are attributable to the impact on critical infrastructure, therefore a significant amount of infrastructure investment is directed at re-building. The opportunity cost associated with such expenditure is glaring considering the existing infrastructure deficits in India. The Union Budget 2017-18 pitches infrastructure as a driver for development in the country and projected infrastructure investment needs for the year 2030 vary between $187iii billion and $291iv billion.