| |
The key to India's economic boom
Plugging the Infra gap
The new government needs to work out a focused plan for the infrastructure sector if it is to meet its overall objective of high growth.
It is not immediately clear how much of the targeted $500 billion investment planned in the current five year plan has been managed in the two years that have passed, though one can be sure that it is inadequate.
Investment in infrastructure needs to be enhanced and tracked, even though it is not part of the work programme. The only thing mentioned there is the aggressive target of adding 12,000-15,000 Mw of power generation capacity every year without any explanation of how it will be done.
What is nevertheless welcome though is the stated intent of creating a new model of urban administration with financially-viable self-government institutions.
Land @ market rates: Market rates for agricultural land required for industrial projects and an option for the farmers to become stakeholders in the industrial ventures on their land, which is part of the work programme, would finally set to rest the controversies on land acquisitions.
Image: Labourers work on a billboard in Mumbai
Photograph: Arko Datta/Reuters
| | |
Advertisement
