Economy

Pranab: Infrastructure, an area of deep concern for economy

Abhishek Law Kolkata | Updated on November 25, 2017 Published on August 02, 2014

There are areas of deep concern in the economy and one particular area is that of infrastructure, both physical and social, President Pranab Mukherjee said here on Saturday.

According to the President, the Planning Commission had estimated an investment of $1 trillion in the infrastructure sector between 2012 and 2017.

Nearly 50 per cent of this investment is to be made by the private sector through Public Private Partnerships (PPPs). The other 50 per cent would come from other sources.

“There are some areas of deep concerns... a particular one being infrastructure, particularly physical and social infrastructure,” he said at the 86th Annual General Meeting of the ICC.

According to Mukherjee, to attain GDP growth of 8-9 per cent, the problem of poverty has to be addressed.

A 36 per cent investment rate can ensure a GDP of 8-9 per cent, considering minor slippages.

Investments, he said, will come from “investment surplus countries” and some of it will be “diverted” to infrastructure.

Published on August 02, 2014
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