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    Infrastructure Sector in India

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    Aditi Singh
    The document discusses India's infrastructure sector. It notes that infrastructure development is key to India's economic growth but many projects face issues. Over the next decade, $1.5 trillion is needed for infrastructure but there are many incomplete projects due to problems with land acquisition, funding, and delays. The government is taking steps like increasing infrastructure spending and developing green infrastructure to address these issues and accelerate development. Improving implementation capacity and introducing reforms for public-private partnerships are suggested for sustainable infrastructure growth.

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    Infrastructure Sector in India

    Uploaded by

    Aditi Singh
    114 views2 pages
    The document discusses India's infrastructure sector. It notes that infrastructure development is key to India's economic growth but many projects face issues. Over the next decade, $1.5 trillion is needed for infrastructure but there are many incomplete projects due to problems with land acquisition, funding, and delays. The government is taking steps like increasing infrastructure spending and developing green infrastructure to address these issues and accelerate development. Improving implementation capacity and introducing reforms for public-private partnerships are suggested for sustainable infrastructure growth.

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    Infrastructure development of India latest report.

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    The document discusses India's infrastructure sector. It notes that infrastructure development is key to India's economic growth but many projects face issues. Over the next decade, $1.5 trillion is needed for infrastructure but there are many incomplete projects due to problems with land acquisition, funding, and delays. The government is taking steps like increasing infrastructure spending and developing green infrastructure to address these issues and accelerate development. Improving implementation capacity and introducing reforms for public-private partnerships are suggested for sustainable infrastructure growth.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    114 views2 pages

    Infrastructure Sector in India

    Uploaded by

    Aditi Singh
    The document discusses India's infrastructure sector. It notes that infrastructure development is key to India's economic growth but many projects face issues. Over the next decade, $1.5 trillion is needed for infrastructure but there are many incomplete projects due to problems with land acquisition, funding, and delays. The government is taking steps like increasing infrastructure spending and developing green infrastructure to address these issues and accelerate development. Improving implementation capacity and introducing reforms for public-private partnerships are suggested for sustainable infrastructure growth.

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    Insights Mind maps

    General Studies – 3; Topic: Infrastructure; Investment models

    Infrastructure Sector in India


    1) Introduction
     Infrastructure sector is a key driver for the Indian economy.
     Infrastructure sector includes power, bridges, dams, roads and urban infrastructure development.
     In 2016, India jumped 19 places in World Bank's Logistics Performance Index (LPI), to rank 35th
    amongst 160 countries.
     However India’s infrastructure sector growth slowed to a 19-month low in June 2017.

    2) Why Infrastructure Development is necessary?


     For a massive country such as India, improvement in infrastructure is a necessity.
     Over the next decade, an estimated $1.5 trillion is needed to create infrastructure, and overhaul
    and refurbish existing infrastructure.
     Infrastructure development will generate growth, employment and pull people out of poverty.
     Infrastructure development will benefit Government's Ease of Doing Business.
     Developing Renewable Energy sector will help in mitigating climate change.
     Infrastructure investments can also help improve peace and security by enabling, sustaining and
    enhancing societal living conditions.

    3) Plethora of incomplete infrastructure projects


     Projects are launched without adequate ground preparation regarding the land requirement and
    project cost.
     Lack of co-operation at the state level, which is a big hurdle since land acquisition is the state’s
    business.
     Informality and corruption in infrastructure project delivery and lack of performance pressure
     Environmental clearance delays, protest by the displaced populations and hurdles due to local
    politics
     In some cases tendering process is incomplete or the terms and conditions are unclear.
     Lack of private sector funding.

    4) Government Efforts
     With Initiatives such as ‘Housing for All’ and ‘Smart Cities,’ the government is working on reducing
    the bottlenecks that impede growth in the infrastructure sector.
     The latest budgetary outlay for infrastructure spending has been increased to Rs3.96 lakh crore for
    projects including housing, railways, ports and irrigation.
     Under UDAY scheme the government has taken steps to improve operational and financial
    parameters of discoms.
     The National Highways Authority of India (NHAI) launched Masala Bonds in May 2017, for raising
    capital for funding the infrastructure projects in India.
     National Infrastructure Investment Fund (NIIF) with an initial corpus of Rs 40,000 crore
     The modernization of Indian Railways has been one of the top priorities of the central government.

    5) Green Infrastructure
     Infrastructure facilities that are environment-friendly can lead to sustainable development of cities.
    www.insightsonindia.com Page 1 www.insightsias.com
    Insights Mind maps

     The real estate sector is held accountable for 22 percent of India’s annual CO2 emissions
     India will benefit if investments are steered towards green-infrastructure projects.
     Green bonds can provide a long-term source of debt capital for renewable infrastructure projects.
     Germany is one country that has been a nest for the innovation and application of green
    technologies. This can provide a useful lesson for India.

    6) Way Forward
     Improving the institutional capacity to implement infrastructure projects effectively is crucial.
     Greater transparency and accountability structures are of fundamental importance to reduce
    wastage in infrastructure creation.
     Sufficient financing for infrastructure by expanding the role of the private sector; pension funds and
    life insurance companies
     Regulatory measures are essential to avoid delays at each stage – from project approval to
    awarding of the contract, to its implementation
     Tenders and key contract features should be routinely published, and good record-keeping and
    quality control must be maintained throughout the process.
     Strengthening of PPP route, as it has been able to deliver world class infrastructure in sectors such
    as airports.
     In 2015, the Kelkar Committee suggested overhauling of the PPP framework in India through
    measures such as funding through hybrid models and adoption of international best practices
     Ensure a robust regulatory environment for domestic and international funding of infrastructure by
    introducing an independent PPP regulator in India.

    7) Conclusion
     As India move towards completing 100 years of independence in 2047, the country must strive to
    emerge as a developed country complete with all modern and updated infrastructure and an
    example for the world to see.

    www.insightsonindia.com Page 2 www.insightsias.com

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