The investment in infrastructure needs to go up from the current level of six per cent of India’s GDP, to about ten per cent, to ensure that the ‘Make in India’ initiative leads the country’s growth and development agenda for the coming decades, suggested a just-concluded ASSOCHAM-Thought Arbitrage joint study.
“Pension and insurance funds, being long-term investments, can be mobilised for infrastructure spending. Besides, the public-private partnership model should be redesigned through engineering, procurement and construction (EPC) model,” said the study titled ‘Make in India: The Next Leap,’ that was released by Ravindra Sannareddy, Chairman, ASSOCHAM Southern Region Council, here.
Amid hype about startups, India has a lot more ground to cover in developing entrepreneurship as the country performs just a third of similar economies on this count,
which can be lifted only by a big leap to manufacturing through initiatives like ‘Make in India,’ the ASSOCHAM-TARI study added.
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