Investor Presentaiton
Infrastructure Deficit was the norm
The Missing Piece: India's Infrastructure
By Peter Wonacott, Wall Street Journal
Sept. 2, 2009 11:59 pm ET
The urgency to fix India's broken infrastructure seems absent.
Ckotak
Mutual Fund
The global downturn may drag on India's economy for years to come. But if India is
to rise into the ranks of global economic powers, and reduce poverty at the same
time, it must grow faster. A World Bank report released last year showed the number
of Indians living below the $1.25 a day poverty line has increased to 455 million
people, from 420 million in 1981.
India's neighbour China has shown how infrastructure projects can be a powerful
way to put people to work and boost growth, provided great amounts of time and
money aren't wasted in the process. How long can Indians afford to wait before their
government puts the nation's infrastructure in order?
The dangers of missed opportunities are very real. Just look again at Delhi.
Source: Wall Street Journal
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