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Budget 2019: Infrastructure Got Pace, But Private Investors Still Wary - The Financial Express

by financialexpress.com posted 2weeks ago 25 views
To boost investments, govt relied on extra-budget resources at an unprecedented scale. : When the Narendra Modi government assumed office four years and nine months ago, private investments in infrastructure was down to a trickle and bank credit to the sector was grinding to a halt. Investors and lenders had overestimated the near-term growth potential of the sector and the economy as a whole. Implementation issues—partly because of various regulatory hurdles and inflated costs/delays in land acquisition but also due to a rethinking on the part of private promoters—had stalled majority of the under-construction projects.