Posts Tagged ‘infrastructure’

The Bumpy Roads Of India’s Growing Economy

Monday, July 19th, 2010

Public projects in India are unpredictable and foreign investors are watching.

  • India’s rapidly growing economy could be hindered by the sorry state of their public roads.
  • India’s roads are narrow and often unnavigable. Their condition often stalls industrial activity and sometimes causes perishable goods to spoil before reaching their destination.
  • India is looking towards foreign investors to fund a massive reparation of India’s roads. However, because of India’s reputation for poorly completed infrastructure projects, few outsiders are game to invest.

Facts & Figures

  • National highways account for only 2% of India’s total road network
  • New Delhi plans to build 7,000 km of new road every year

Best Quote

“Delays are a fact of life in India, and investors know it.” – J.N. Singh, member of finance, National Highways Authority of India.