The most striking and the glaring deficit then has been the infrastructure deficit. Last year, after the Finance Minster P. Chidambaram (during budget speech) stopped short of announcing the total amount that the government needs to reel off viz a viz infrastructure, Prime Minister Manmohan Singh estimated that the government needs to spend (on an urgent basis) close to Rs.6,750 billion for creating world-class infrastructure in roads, power, telecommunication, airports and seaports.
Despite tall claims on electrifying close to 125,000 villages in this fiscal, it has been a sorry spectacle to witness burgeoning forex reserves existing simultaneously with almost 15% un-electrified villages. Not only that, the physical infrastructure in the urban areas (Jawahar Lal Nehru Urban Renewal Mission has met opposition from the state governments who fear loss of votes) need urgent government positioning. In the new year, the government needs to act urgently to make tangible changes into the state of affairs failing which the ‘Hindu Rate of Growth’ might not be too far off..
Despite tall claims on electrifying close to 125,000 villages in this fiscal, it has been a sorry spectacle to witness burgeoning forex reserves existing simultaneously with almost 15% un-electrified villages. Not only that, the physical infrastructure in the urban areas (Jawahar Lal Nehru Urban Renewal Mission has met opposition from the state governments who fear loss of votes) need urgent government positioning. In the new year, the government needs to act urgently to make tangible changes into the state of affairs failing which the ‘Hindu Rate of Growth’ might not be too far off..
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
