With the objective of building greater awareness and consensus on various issues critical for the country’s growth, CII has launched a new monthly publication called Policy Watch. It is widely circulated to all stakeholders, particularly to membership and government to communicate Industry’s views and recommendations across different sectors.
This issue of Policy Watch takes an in-depth look at the Infrastructure sector and has outlined some specific recommendations in the short term to reinvigorate the growth momentum in the sector.
Infrastructure development, as known, has been a critical precursor for sustaining the growth momentum and at the same time ensuring inclusiveness of the growth process. During the last few years, the country has witnessed significant capacity addition across infrastructure verticals. More importantly, investment in infrastructure as a percentage of GDP has risen from 4.9% in 2002-03 to over 7.5% in 2010 and is expected to reach the target of 10% of GDP by 2016-17.
While infrastructure development has gained significant momentum over the last few years, the deficit is so large and the requirements are growing at such a rapid pace that it continues to pose a challenge.
Against, this backdrop, CII has been strongly advocating for an Action Agenda towards creating an enabling and conducive policy & regulatory framework, the impact of which could facilitate greater investments in the Infrastructure sector.