Economic Survey on Viksit Bharat: 'Need PPP in infrastructure, 8 percent growth'

The Economic Survey 2024-25 has said that multiple critical sectors need private investment as government funding alone cannot upgrade the required infrastructure to meet the goal of Viksit Bharat by 2047.

“We need to ensure increasing private participation in infrastructure by improving their capacity to conceptualise projects and their confidence in risk and revenue-sharing mechanisms, contract management, conflict resolution and project closure," the Survey, tabled by Finance Minister Nirmala Sitharaman, said.

Private participation will accelerate many critical infrastructure sectors in many ways—programme and project planning, financing, construction, maintenance, monetisation and impact assessment, it suggested.