The role of infrastructure in India's development: a survey
India has re-emerged as one of the fastest growing economies in the world. With a population of 1.2 billion and a GOP of USD 1.8 trillion, India is transforming itself from an agrarian economy into a 21 st century nation. 1 An upsurge in investment, coupled with improved macroeconomic funda...
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| Format: | Theses and Dissertations |
| Language: | English |
| Published: |
2015
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| Online Access: | http://hdl.handle.net/10356/65177 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | India has re-emerged as one of the fastest growing economies in the world. With a
population of 1.2 billion and a GOP of USD 1.8 trillion, India is transforming itself
from an agrarian economy into a 21 st century nation. 1 An upsurge in investment,
coupled with improved macroeconomic fundamentals translated into a distinctly
upbeat future outlook, up till 2010/2011. With a growing middle class and close to
ten million citizens moving to towns and cities each year, urbanization is occurring on
an enormous scale.
The growing demand for and wider access to goods and services is however placing a
severe strain on the country's infrastructure. How India develops its significant
human potential whilst providing quality and efficient infrastructure will determine
the future of the country and its people.
Against this backdrop, this paper attempts to review the role of infrastructure in
India's development strategy, with an emphasis on the investment needs and
emerging policy issues. It argues that although India's infrastructure development
policy has shown spurts of improvement, much more needs to be done by the
Government of India to retain investor confidence, which has noticeably reduced in
the last two years. As part of the research methodology, a survey was conducted to
assess private sector perspectives on India's current trajectory on infrastructure
development and the policies required to increase foreign direct investments in
infrastructure financing. The views of 32 representatives from across banking, private
equity, consultancies, local infrastructure organizations, foreign trade practitioners
and development institutions have been incorporated in this paper. |
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