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09 JAN,2022 | MEDC
An unwavering focus on infrastructure development in 2022 needs to be a policy priority for both the state and Central government. In this regard, it is worth noting that many infra (including real estate) projects are coming up all over the country. Under the shadow of Covid, private investment, which is already weak for some time, is unlikely to pick up. The hope of a sustained recovery, thus, hinges upon the government boosting capital expenditure. The need for higher infra investment in general, and in abnormal times like this in particular, cannot be overemphasized. A strategic infra push at this juncture would not only help sustain the fledgling economic recovery, but also enhance its durability by crowding in private investment over time. Time and cost overruns in all infra projects should be consciously minimized, as they tend to adversely affect national economic growth over the medium term.
*Photo Credit: Google
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