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How infrastructure gets stuck: when both the government and the private sector say, ‘You go in first’

The government has set itself an annual investment target of INR20 lakh crore for the next five years. It is banking big on public-private partnerships to achieve this. But the private sector has neither the capability nor the intention to participate in business that demands asset ownership. So, will the first step come from the government?
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priyanka
16 Aug 2019 5 Mins Read 0 comment
Minister of Finance and Corporate Affairs Nirmala Sitharaman Getty Images
Minister of Finance and Corporate Affairs Nirmala Sitharaman
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.
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)
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. 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)

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