If Indian infrastructure spending touches $1 trillion in the 12th Plan period, as stated by the prime minister a few days ago, this will be a very big opportunity which no one will want to miss. The target is around double that in the 11th Plan period and around five times that in the 10th Plan period. No wonder that foreign investors are coming and investing in the country in droves.
For the sceptics who argue this is a pipe dream, it is important to keep in mind that India’s GDP will more than double in the 12th Plan period. So, if infrastructure spending also doubles, it will still remain at around the same percentage of GDP as it is today. If anything, the prime minister’s target will be exceeded.
Sanjay Gupta, New Delhi
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