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Target-driven approach to infra building important enabler for growth

The Centre's mega-infrastructure plan may founder on a poor enabling environment as much as the availability of finance

Jyoti Mukul 

It is widely recognised that the Rs 102 trillion National Infrastructure Portfolio (NIP), announced by Finance Minister Nirmala Sitharaman on the last day of the decade, is a necessary precondition for Prime Minister Narendra Modi’s ambition for India becoming a $5 trillion economy by 2025. In a slowing economy, a target-driven approach to infrastructure building is, admittedly, an important enabler for growth.

A realistic assessment, however, does not present a particularly optimistic scenario in the near future. The doubts have as much to do with fund mobilisation, which has ...

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First Published: Tue, January 07 2020. 21:03 IST
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