THE REVIVAL OF the public-private partnership (PPP) model and mobilisation of private capital for infrastructure investments is one of the biggest imperatives for the government. Recent reports have highlighted that new orders from the National Highways Authority of India have dropped because the finance ministry has prevented it from raising further loans. There is a fear that this could seep into other sectors. With the rapid decline of private sector investments in infrastructure from 2012 onwards, the bulk of the country’s growth has been through public expenditure. But there will be a limit to this.
Of the ₹20 lakh crore of investment envisaged under the National Infrastructure Pipeline (NIP), ₹10 lakh crore per annum is allocated from the Union Budget, while the balance ₹10 lakh crore comes from the states, private sector and extra-budgetary resources. But as this amount increases over the years, reviving private investments into India’s infrastructure sector will become critical.
The most macro way to look at the infrastructure financing requirement for India is to consider the metric called gross capital formation in infrastructure (GCFI) as a percentage of GDP. India’s GDP at current prices is estimated at ₹330 lakh crore in FY24, while GCFI would be at about 8% of the GDP at current prices, or ₹26 lakh crore. In the coming years, this is likely to grow in sync with the 12% nominal GDP growth. This is, however, not a huge amount of money. In the Budget 2024-25, I would expect the government allocation to infrastructure development to rise to ₹13-14 lakh crore, which would be matched from the other three constituents.
この記事は Business Today India の February 18, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Today India の February 18, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.