Markets
BSE See NSE See 39,046.34
85.55 (0.22%)
collapse Related Readings collapse

The Infra Deficit: Impeding India's Growth

By Prakash Patil | 10/11/2010 1:30 PM Monday

There is an infrastructure deficit in India and people are impatient and angry with the lethargic ways of the Central and state governments. The roads in cities and metros are overflowing with traffic, the skies above metros too have air traffic jams with aircrafts hovering above awaiting clearance to land even while planes on the ground move in queue awaiting their turn to takeoff. Similarly, the ships can be seen stranded out in the sea, waiting for their turn to get a berth at any of the major ports in India. So the circle of congestion on land, air and sea is complete! But this is not all. A large part of India, especially small towns and villages in rural areas, have to do without electricity for 1016 hours every day! India’s infrastructure of roads and highways, airports, ports and electricity is falling woefully short even as traffic on roads and highways, air and sea is burgeoning and demand for electricity is growing exponentially every day. The huge infrastructure deficit in India today can hardly inspire confidence in India’s aspiration of becoming the superpower of tomorrow.

So why is there such a huge deficit of roads and highways, airports, ports and power in India. For this, we need to understand why these infrastructure segments of roads and highways, airports, ports and power have not been able to keep pace with development in other sectors of the economy.

Why The Deficit?
To wipe out the deficit in infrastructure, the BJP-led NDA government under the stewardship of Prime Minister Atal Behari Vajpayee had launched its ambitious 5,846 km Golden Quadrilateral (GQ) project in 1999 and had also planned to launch the 7300 km NorthSouth & EastWest corridors later. The GQ project had made great headway during the Vajpayee government’s tenure. But after the Congress-led UPA government under Prime Minister Manmohan Singh took over in 2004, the GQ project virtually languished during the first 5-year tenure and the project still remains to be completed even after almost two years of the second term of the UPA government. There is nothing to boast about the NSEW project’s implementation. Hence, instead of decreasing, the infrastructure deficit has increased.

But, of course, the huge infrastructure deficit is not a 5 or 10-year phenomenon. The deficit has accumulated over the years since Independence when, after the exit of the British, our founding fathers in their wisdom decided to chart a socialist path for our country. As covenanted by the socialist ideology, the government took it upon itself to develop all physical infrastructure in the country, including roads and highways, ports, airports and generation of power and, as mandated by the socialist ideology, the infrastructure space was kept out of bounds for the private sector. But the government’s obligations to meet the objectives of equity and social justice through welfare schemes and social spending to uplift and empower the underprivileged sections of the

 

Find More Articles on: DSIJ Magazine, Cover Story, Economy

«« First « Previous |1 2 3 4 5 6 7 8 | Last ››
news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »

DSIJ Mindshare

MIDHANI and HAL partner to develop bio implants

Geyatee Deshpande / Article rating: 5.0

Mishra Dhatu Nigam Limited (MIDHANI) signs an MoU with Hindustan Antibiotics Limited (HAL). This MoU will provide synergy for quality manufacturing of MIDHANI’s Bio-medical Implants and get access to the pan-India distribution of HAL. This partnership is aimed to gain advantage from the strengths of both the companies and benefit users of Bio-medical products in India.

12345678910Last

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Logistics sector will play a vital role in making the concept of ‘Make in India’ a success. This will be further aided by some of the recent steps taken by Government of India such as granting of infra sector status to logistics sector.

Best and worst Performing Sector Funds of Year 2017

Best and worst Performing Sector Funds of Year 2017

As the year-end has approached most of you are eager to know the mutual fund movers and shakers of the year 2017. Read on to find the performance of various sector dedicated funds.

Markets may start positive, but volatility likely due to F&O expiry

Markets may start positive, but volatility likely due to F&O expiry

The start of the F&O expiry day is likely to be in the green, but volatility may creep in with the progress of the session. The SGX Nifty suggests that the Nifty could open at 10,525 with gains of 32 points at the opening bell. 

Pidilite announces buyback of Rs 500 crore

Pidilite announces buyback of Rs 500 crore

The buyback offer comprises purchase of up to 50,00,000 equity shares. The buyback offer size comprises 0.975 per cent of the total paid-up equity capital of the company.

Bank Nifty drags markets to close in the red

Bank Nifty drags markets to close in the red

The late session fall in Bank Nifty changed the direction of the market, leading to a marginal fall in the benchmark indices. Bank Nifty yet again resisted at its multiple point downward sloping trendline level at 25733.

Six major underperforming MF schemes having higher expense ratios

Six major underperforming MF schemes having higher expense ratios

Mutual funds with a large size of assets under management (AUMs) are supposed to have lower expense ratios. However, there are schemes with large AUMs but having higher expense ratios and generating lower returns. 

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma index has come in as the healer in an otherwise sluggish market. Index has given a consolidation breakout at the 9420 level today and if the it sustains 9420, followed by 9628 on the upside, it has a long way to go.

Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Following stocks are close to their 52-week low as at 12.35 p.m. on December 27.

Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

The markets on December 27 opened gap down. BSE Sensex is trading at 34,068.15, up by 57.54 points and the Nifty is trading at 10,539.45, up by 7.95 points.

Five stocks with selling interest

Five stocks with selling interest

Overall volumes in futures & options currently stand at 62.75 lakh contracts with a turnover of Rs. 5,19,204.72 crore.