February 23, 2020
The National Infrastructure Pipeline (NIP) laid out a blueprint for expenditure of ~102 trillion over the 2020-25 quinquennium to change the infrastructure landscape in the country. Conspicuously lacking, however, were measures for mobilising funds to finance such a whopping requirement, particularly in the face of the yawning fiscal deficit, the limited lending capacity of banks, an underdeveloped bond market, the current state of the capital market and the week finances of companies. The Union Budget has missed yet another opportunity to comprehensively address issues that are core to infrastructure development in the country.”
- Media Source:Print
- Publication Name:Business Standard
- Edition:Mumbai