Issues in Infrastructure Development Today - The Interlinkages

Abstract

Brings out the issues in infrastructure development in India. The policy, regulatory, legal and institutional constraints in infrastructure development, and the opportunities for reform are highlighted. Topics covered are the background of infrastructure reform emanting from a more liberal economic envronment, brief review of the past, issues in development of infrastructure today, macro economic linkages, role of the private and public sectors, restructuring of state owned utiltiies, subsidy reform the politcal situation, leverage points for change and reform, regulatory strategies. The focus is to bring out the problems and opportuniites in restructuring of the infrastracture (public utiltities and related sectors) and reform of regulation. Other constraints that are severe in the Indian context such as those emanating from land and its acquisition for development projects, institutions and policy are brought out in an integrated manner and the remedies are suggested.

Keywords: India, Regulation, Infrastructure, Market Failure, market structure, Government, Governnace, Reform

JEL Classification: L90, L9, L8, L5, H1, H4, H7, H00