Published on Wed, Mar 10, 2010 at 17:20 | Source : CNBC-TV18
Updated at Wed, Mar 10, 2010 at 18:01
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Expert solutions to India's infrastructure woes
There is a sense of deja vu when you read the latest economic survey. It states and I quote “the government should channelise the country’s savings for infrastructure development on a large scale.” I have this niggling suspicion that such pronouncements are made from time to time but with no real action and my suspicion is not misplaced.
There is a sense of deja vu when you read the latest economic survey. It states and I quote "the government should channelise the country's savings for infrastructure development on a large scale." I have this niggling suspicion that such pronouncements are made from time to time but with no real action and my suspicion is not misplaced. We are nowhere near the target of spending of 9% of gross domestic product (GDP) in the infrastructure arena. There is a huge gap between the 11th Plan stated intention and actual implementation. Look around and you know why. Be it the road sector or the power sector or airport - nothing gets completed on time and you wonder how small countries like Vietnam or Malaysia or Singapore are way ahead of India as far as infrastructure spending or development is concerned. So what should India do? This is the focus of a new series called 'Infrastructure Powering The New Indian Century'. Over the next eight weeks this new series will take a close look at key sectors like road, power, ports, telecom, airports, urban planning and spell out solution that are doable. Partnering CNBC-TV18 in this interesting journey IDBI who are pioneers in infrastructure financing. One could easily say their deoxyribonucleic acid (DNA) is infrastructure financing. For more please watch the accompanying videos.
