As per the Planning Commission Deputy Chairman Montek Singh Ahluwalia, India can get back to 8 percent GDP growth with improved infrastructure. While addressing an event, Ahluwalia said if the government concentrates 90% of its energy on delivering the infrastructure, on environment, we will be back to 8% growth much faster than what the people think today.
Further, stressing the infrastructure development a key for economy’s growth, he expressed the need for good infrastructure in the country and said that the government should mainly focus on its development. Moreover, on that the mega infrastructure projects, which are stuck due to regulatory clearances, Ahluwalia expressed hope that it will be resolved within 5-6 weeks. Currently, over 340 projects, including 125 new projects, are held up for some reasons.
For the 12th Five Year Plan (2012-17), the government has set the $1-trillion investment target for the infrastructure sector. Moreover, the government has entered into the 'Public Private Partnership (PPP)' programme in order to bring in adequate resources for setting up of a sound and efficient infrastructural base.
