Sunday, February 15, 2009
Infrastructure holds the key
For any emerging economy, Infrastructure is very vital. The country cannot have redundant roads, airports, ports and poor power structure. As Indian economy presented 8-9% growth in the last 5 years.The country received a massive FDI's at every level. But, major problems of this country remains the same. Indian Economy expects a major investments in infrastructure sector. The country had witnessed a huge inflow of tourists the existing airports were unable to cope with the traffic .The robust scenario in the export import sector buoyed up the flurry of activities in our ports . The condition of our ports are not in a position to handle them. This would pose problems for us in the long run. With the red tap ism plays the spoilsport the infrastructure ought to wait for a longer period for the clearance.
With the onset of the recession,there will be a further delay in execution of the projects and this sector would bound to remain a laggard. If turning a blind eye to this sector one would witness a mismatch between economic growth and development in the years to come. That is truly not a good news for any country.
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