India loses nearly 4.3% of GDP due to corrosion. Here’s how to fix it.

In this episode of The Climate Economy, we talk to Ashim Sharma - Senior Partner & Group Head Business Performance Improvement Consulting at Nomura Research Institute to understand how the traditional “L1” (lowest cost bidder) procurement model, optional material standards, and lack of life-cycle cost evaluation pose a massive threat to India’s rapid infrastructure expansion. We take a look at the policy changes are needed for future infrastructure projects.Updated - October 27, 2026 05:00 pm IST