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For developing better infrastructure
The cornerstone of Indian economic development has been ‘mixed economy’ with the objective of evolving a socialistic pattern of society. Private initiatives for growth and progress came as a post-script to this approach.
In this process, foodgrain production and core industries were the major concerns, initially.
The role of infrastructure in development came to the forefront only in recent days. Again, the Public-Private Participation (PPP) model got its due as a result of the push from the private sector, for accelerating growth.
Let us trace the much treaded path and chart the possible future journeys in this initiative.
The preamble to the Five Year Plans often underscores the government policy for growth in different sectors. The first Plan was fully devoted to the twin objectives of agriculture and heavy industries.
The subsequent plans contained a diversified approach. However, infrastructure, as we now understand, such as development of national highways, quadrilaterals, metro rails, ring roads and RORs, were not in the scheme of many plans. Not that the steel industry, hydro power, dams and irrigation projects are not infrastructure. .
K. SUKUMARAN
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