India has emerged as one of the fastest growing economies during the past
decade. However, infrastructure development has not kept pace with the growth in
the rest of the economy. Realizing this, India initiated
an ambitious reform programme in all infrastructure sectors. The Government has
taken several initiatives to promote private sector participation in the
infrastructure sector as a result of which the share of GDP going into
infrastructure investment has increased from 5% in 2007 to 7% during 2009-10 and
has increased to more than 8% in 2011-12. For the XII Five Year Plan
(2012-2017), the target of infrastructure investment has again been doubled to
US $ 1 trillion 50% of which is envisaged from the private sector.
