The Economic Survey 2010-11 has said that rapid reduction of the infrastructure deficit was the key to competitiveness in an increasingly localized environment.The Survey highlights that financing infrastructure would be big challenge in the coming years and to meet the challenge, innovative ideas and new models of financing would be required.
Economic Survey: Ajit Gulabchand
Channeling domestic and foreign financial savings of this scale into infrastructure requires a judicious mix of policy interventions, which balances the growth and stability objectives.
The Survey calls for huge capacity addition in infrastructure in a time bound manner while ensuring that projects embodied value for money and investment results in world class infrastructure. Infrastructure should be at the same time affordable and sustainable.