`Core Sector Spending To Rise'
By parul118, Section Infrastructure
Posted on Mon Nov 05, 2007 at 11:22:45 PM EST
India is likely to attract investment in infrastructure to the tune of 9% of GDP by 2012 as against 5% of GDP presently, says Ernst and Young in a report, Investing in global infrastructure, 2007, An Emerging Asset Class.
As India's public spending has been constrained by large budget deficit, a substantial portion of investment in infrastructure will come from private sector, report said. It further mentioned that public-private partnership has emerged as an effective method to attract private investment in infrastructure. By 2006, the government had awarded 86 PPP contracts.
Source:TOI,06 Nov,07
