Spending a massive Rs 100 lakh crore on infrastructure by 2024 was one of the National Democratic Alliance’s (NDA’s) biggest pre-poll pledges to India. So, it’s time to cash that cheque.
But the second term of the NDA government comes with formidable challenges. Economic growth is at a five-year low, private investments are near decadal lows, bank credit is highly constrained, public-private partnerships in infrastructure are still to recover from spate of project failures witnessed in early part of the decade, and, in the meanwhile, the lines of fiscal strain are deepening.
While government expenditure is driving roads and highways and railways, huge monies will be required for water and sanitation, logistics, renewables, among other sectors. How can the newly elected government get its act together from the word go, Read More
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