To meet India’s unmet infrastructure development demand, the Economic Survey promotes the “wholehearted acceptance” of PPPs. It emphasizes that:
Involving the private sector is essential for project planning, risk assessment, and implementation.
Because private investment in infrastructure is now below expectations, government agencies, financial markets, and private companies must work together to increase involvement.
The poll also notes that although programs like the National Monetization Pipeline and the National Infrastructure Pipeline were created to encourage private investment, there hasn’t been any real uptake in key industries.
The Economic Survey calls for a greater dedication to public-private partnerships in order to efficiently address the country’s infrastructure demands, while also highlighting ISRO’s critical role in developing India’s infrastructure capacities through cutting-edge geospatial technology.
Both federal and state government agencies benefit from these solutions’ increased project execution efficiency and data accessibility.
