Time for some ground work

Infrastructure is critical for economic development and increasing India’s global competitiveness. Good quality infrastructure is important, not just for faster growth but for inclusive growth as well. Today’s economy is largely riding on the back of infrastructure development. The macro-economic outlook for India is promising despite the slowdown and cautious business sentiments; the long-term outlook on India is ‘rock solid’. In 2012-13, GDP growth fell to its lowest in recent years with investments barely trickling in. Major internal concerns are slowdown of reforms, governance, red tapism, statutory clearances, and loss of investor confidence.

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