Facilitating industrial growth
Analysts suggest that it is really tough to find any fault in the Economic Survey which is putting emphasis on restarting stopped infrastructure projects. This would make it easier for different developers to either enter or exit a particular project. However the analysts also state that they would rather like to wait for specific details even though they admit that the National Democratic Alliance being led by Bharatiya Janata Party has taken over.
Gokul Chaudhri, a partner at BMR Advisors which is a consulting firm said that the time span for working on particular action steps was limited but the action plan can only emerge out in the upcoming time. Mint had reported that last year many projects worth Rs. 15 trillion has been put to a stop due to unavailability of land or fuel or other necessary approvals.
The restart of stalled projects include not only infrastructure ones but also the ones that account for a significant portion like stalled power projects for the unavailability of complete funding or land.
The Economic Survey further highlighted that industrial growth has slowed down from 1 percent in 2012-13 to 0.4 percent in 2013-14. Hence they look forward in reinstating the industrial growth.
Source: Mint
