Accelerating India's infrastructures through PPP Mary M.V. Karuna Jeba*, Research scholars, Thilagam J.**, Research scholars *Department of Agricultural Extension and Rural Sociology, TNAU, Coimbatore-3. **Department of Agricultural Extension and Rural Sociology, TNAU, Coimbatore-3. Online published on 3 January, 2012. Abstract Despite becoming the second fastest growing and the fourth largest economy of the world, India continues to face large gaps in the demand and supply of essential social and economic infrastructure and services. Rapidly growing economy, increased industrial activity, burgeoning population pressure, and all-round economic and social development have led to greater demand for better quality and coverage of water and sanitation services, sewerage and drainage systems, solid-waste management, roads and seaports, and power supply. Increased demand has put the existing infrastructure under tremendous pressure and far outstripped its supply. Lack of infrastructure is preventing the sectoral, regional, and socioeconomic broadening of the economy and its benefits, and is affecting inclusive growth in India. The GOI has recognized that with better infrastructure India's growth can be higher, with the benefits reaching a much larger section of the population. Based on the large resource requirements and the budgetary and borrowing constraints, the GOI has been encouraging private sector investment and participation in all sectors of infrastructure. The government has recognized that while public investment in infrastructure would continue to increase, private participation needs to expand significantly to address the existing deficit in infrastructure services. Top |