, Columnist
Where India Can Find a Cool $1 Trillion
Australia's model of selling public assets such as power grids and airports to fund further infrastructure investment offers promise.
India needs better infrastructure, but who will pay?
Photographer: MANJUNATH KIRAN/AFP/Getty Images
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India will need $1 trillion of infrastructure investment to nudge annual GDP growth higher by just half a percentage point in Prime Minister Narendra Modi’s second five-year term. Of this, at least 55% will have to come from public resources. Where’s the money?
Those figures from an analysis by the Confederation of Indian Industry are the No. 1 challenge for Nirmala Sitharaman as the country’s new finance minister gets ready to present her first annual budget on Friday.