Challenges before Indian economy : Infrastructure growth
Challenges before Indian economy  

Infrastructure growth
Accelerating the country`s infrastructure growth is one of the main priorities before the government. Lack of adequate infrastructure growth in the country is currently one of the major hurdles that the country is facing.

Major challenges in the way of Infra growth are—complexities at policy making level, problems in land acquisition, absence of single window clearance of projects and inadequate funding. Govt must encourage PPP model to boost infra growth and make provision for adequate funding of projects. Infra growth will not only generate employment but also garner more foreign investment, thereby contributing to the overall growth of the economy.

However, doubling the amount envisaged in the previous plan period, India has, for the 12th Five-Year Plan (2012-17), set a target of USD 1 trillion investments (nearly 10 percent of GDP), well above 5 percent of GDP in a decade for the infrastructure sector.

Reema Sharma/Ajeet Kumar/Faizan Nizami

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