India’s infrastructure on a slow, yet steady road

India Investment Journal April/May Edition, Policy/Infrastructure, 2016
by Arnab Mitra
India needs $1 trillion in investments over the next five years to upgrade its creaking infrastructure to global standards but a combination of unfavourable market conditions, weak commodity prices, inability of Indian banks to lend large sums of money, poor raw material linkages and lack of urgency at the level of state governments have conspired to make the task even more difficult than it otherwise would have been.