This visionary and thought-provoking study is a must read for political leaders, policymakers, business executives, and leaders of civic society interested in India's long-term development. It presents a much needed longer term vision of Indian society and economy within which today's policy debates and actions must be anchored. The volume presents a persuasive case that if India succeeds in sustaining its recent economic success over the longer term (as many East Asian economies have done in the past), India can realistically aspire to become an affluent society within one generation. The study is being released just as the new Indian government is taking office in a political environment that presents a truly unique opportunity to put India into a longer term sustained growth trajectory with financial stability.
Chapter 8: Infrastructure for a Competitive Edge: Overcoming Bottlenecks and Keeping Pace with Exploding Demand
Infrastructure for a Competitive Edge: Overcoming Bottlenecks and Keeping Pace with Exploding Demand
[Page 132][Page 133]In including infrastructure as one of seven subjects in our list of intergenerational issues needing greater attention, we have made an exception to one of our selection criteria: to focus on issues that are not yet receiving adequate attention of policy makers. In fact, infrastructure has been a priority agenda for every Indian government during the past 15 years, if not longer.
A number of compelling reasons led us to make this exception:
- It is an issue that not only requires absolute priority in the immediate policy agenda, but much better progress on it is also crucial to achieving ...