Why do infrastructure projects take so long in India?

The single-biggest reason why projects are delayed is political resistance. The MTHL bridge, for example, was opposed by environmentalists who believed it violated coastal zone regulatory norms. Land acquisition is a major constraint, too.

Can India become a developed country by 2050?

The report projected that India would leapfrog to the third place by 2050 in the ranking of world’s largest economies, just behind China and the US, with a share of 6.8\% in global GDP. At present, India is ranked fifth in size of world’s economies with a share of 3.3\%.

Why invest in India’s Infrastructure?

India is the fastest-growing large economy in the world, and the government has set itself a target of investing $377 billion (American dollars) in infrastructure over the next three years. As a first step towards meeting this challenge, the country has focused on developing a capable local market, and strong financial and technical capability.

What is the economic development like in China and India?

A comparison of economic development in China and India. While the average income in China and India remains low, their impressive economic growth and enormous populations have made them two world powers of extraordinary importance, whose economies are surpassed only by that of the United States.

Is India ready for a technological transformation?

India has already started to undergo a technological transformation. Its population has moved along an exponential technology curve from barely any connectivity in 2014 to being the second most connected nation in the world, with 560 million internet users, as of this year, surpassed only by China.

How can India meet the challenges of the global economy?

As a first step towards meeting this challenge, the country has focused on developing a capable local market, and strong financial and technical capability. However, the world around India is changing fast.