Stalled projects choke fresh private investments in infrastructure: Crisil

Infra spending slipped from 7% of GDP during 2008-2012 to 5.8% between 2013 and 2017; could fall further if private investments aren't spurred, says rating agency's report

A plethora of stalled projects in the infrastructure space has reduced investor interest and risk appetite in the sector, leading to a sharp fall in private investment in the last decade, says a Crisil report.

Between FY08 and FY17, private investments in infrastructure was estimated at Rs 20 trillion, or nearly a third of all infrastructure spending during the period. This has had a transformational impact in several sectors.

And by 2012, India’s public-private partnership (PPP) programme also acquired significant scale, Crisil Infrastructure Yearbook 2018 said.

“Resumption and broad-basing of private investments has become critical to sustain the share of infrastructure investments at