The government spends close to INR7 lakh crore-INR8 lakh crore on infrastructure every year, according to the economic survey of FY19. The actual spending required: close to INR15 lakh crore. In her maiden Union Budget speech, finance minister Nirmala Sitharaman made a much bolder promise — an annual investment target of INR20 lakh crore for the next five years.
Read the full article now
Become a member
Insight-rich storytelling you won't find elsewhere by the finest team of business writers
Great conversations among an elite community of opinion leaders
A great reading experience across all your devices
Exclusive access to members-only events
be big drivers for the Indian economy and we should put this infrastructure investment to use [in these areas].” Till that happens, the cycle of the government looking to the private sector for investment and the domestic private sector looking for more government-led spending on infrastructure will be a tad hard to break. ( Graphics by Mohammad Arshad)