Infrastructure development is a critical precursor for sustaining the growth momentum and undoubtedly underpins the economy. A developing country like India has to rapidly invest in the infrastructure sector for its future growth. While infrastructure development has gained significant traction over the last few years, the deficit however is so large and the requirements are growing at such a rapid pace that it continues to pose a challenge.
Of late, the sector has been witnessing a significant slowdown due to unfavorable market scenario, weak dispute resolution framework, tardy project implementation, liquidity constraints etc. that have substantially impaired the growth of infrastructure sector.
CII has been strongly advocating for an Action Agenda towards creating an enabling and integrated policy & regulatory framework, the impact of which could facilitate considerable investments in the Infrastructure sector thus taking India’s Infrastructure story forward.
This issue of Policy Watch takes an in-depth look at the sectoral issues and has outlined some specific recommendations to reinvigorate the growth momentum in the sector.