The report, however, applauded the country for being the best performer in the rail sector and the second best in the electricity sector.
A report by Global Infrastructure Hub (GI Hub) says India is underperforming in terms of spending needs (in relation to GDP) in several infrastructure segments, when compared to Bangladesh, Cambodia, Indonesia, Myanmar, Pakistan, Philippines and Vietnam.
The GI Hub, a G20 initiative, in its Global Infrastructure Outlook report said India is the lowest performer in the road and water sectors and airports, while it is the second-lowest performer in the ports and telecom sectors.
However, the report applauded the country for being the best performer in the rail sector and the second best in the electricity sector.
It stressed on the need for more investment in the infrastructure segment.
As per the report estimates, the country will need to invest $3.9 trillion till 2040, under current investment trends. The investment trend is based on the actual rates at which the country is investing in infrastructure.
Source: The Hindu BusinessLine
Thursday, July 27, 2017