Infrastructure is key to 9% growth
While stating that 9% GDP growth projection can be achieved only if infrastructure deficit can be overcome, the government on Thursday said that challenges in the sector range from land acquisition, environment, financing and designing contracts, and regulation.Another prerequisite is to develop appropriate financing mechanism and evolving a debt market for investment in infrastructure.
The government has admitted in its Economic Survey that there has been a slowdown in infrastructure during the first nine months of 2007-08 compared to that of last year. While growth in electricity generation decelerated to 6.6% during the period from 7.5% in 2006-07, the transport sector witnessed deceleration in growth of railway traffic and acceleration in port and air cargo traffic.
Source:DNA
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