07 MAR,2021 | MEDC
As long as India’s logistics infrastructure remains what it is, it will be difficult to achieve economic competitiveness. Indian roads, in particular, are notorious for their quality. Without functional roads, produce from rural areas cannot find appropriate markets in urban areas, where the bulk of the nation’s purchasing power still lies. The Central government needs to guarantee maintenance of some key arterial thoroughfares for at least five years before state governments take over. The key issue is innovatively restructuring public expenditure and infrastructure projects to ensure that the movement of goods and people across India becomes as seamless as possible. That will be an important factor enabling the rising ease of doing business. In many cases, rather than actually build new infrastructure, if the existing one can simply be suitably upgraded, we will be able to achieve a fair amount of sustained economic growth. Living with Covid for almost a year has taught us many things, and one of them is self-reliance.
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