New Delhi, Feb. 28 -- Government-led initiatives like the Jal Jeevan Mission are driving major infrastructure investments in India's water sector, unlocking an annual opportunity of Rs 1 lakh crore, according to a report by Share India Securities.

The report also highlighted the rapid growth of India's water and wastewater market, which is projected to expand at a compound annual growth rate (CAGR) of 11.6 per cent, reaching USD 17.9 billion by FY29.

It said, "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".

However, the country faces a major challenge --only 30 per cent of its wastewater is treated. To addre...