Need to step up infrastructure investment over the next two decades: Economic Survey 2024-25
infrastructure investment over the next two decades to sustain a high rate of growth, the Economic Survey 2024-25 said, suggesting a need for accelerating private sector participation in infrastructure creation in the country.
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According to the Survey, tabled in Parliament on Friday, India’s infrastructure requirements are aplenty and all this requires greater attention.
“Quite clearly, public sector efforts cannot fully meet these requirements as there are binding budget constraints to the different tiers of government,” the Survey said.
“Private participation should accelerate in many critical infrastructure sectors in many ways—programme and project planning, financing, construction, maintenance, monetisation and impact assessment,” it suggested.
Outlining the various initiatives of the government including the availability of multiple ways of infrastructure development, introduction of facilitatory mechanisms like the National Infrastructure Pipeline, National Monetisation Pipeline and PM-Gati Sakti and the financial market reforms, the Survey said that the uptake of private enterprise is limited in many core sectors.
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