On the heels of a new government committed to infrastructure and growth, India stands on the cusp of a transformation. Change is the only constant. And, the Indian economy is proof of this. While a year ago, the scenario looked gloomy with a sub 5-per-cent GDP
The construction sector is likely to witness further squeeze in order inflow in 2012 as corporates defer capex plan due to higher interest rates and slow economic growth, rating agency Fitch has said. construction firms order books showed 15-20 per cent growth in FY’11.
The Karnataka and the Union Governments will jointly implement railway projects worth Rs 6,000 crore in the state. Of the total amount to be invested, the state government will contribute Rs 3,600 crore. The project aims to expand railway network in order to achieve the twin objectives of connectivity to the hinterland and economic growth of the backward areas. The new projects include Gadag-Haveri, Davanagere-Tumkur, Whitefield-Kolar, Kudachio-Bagalkot and Rayadurg-Raichur.
More than 3,000 km of highway projects awarded about two years back under the public private partnership (PPP) mode are yet to take off. Both government and private parties are to blame for this mess. The reason for this delay can be attributed to government bodies for delay in taking policy decisions, banks who have become more stringent while sanctioning loans and are asking for 100% land availability as a pre-condition, dip in economic growth leading to decrease in traffic flow.
Solar will account for more than a fifth of India´s increase in electricity demand by 2022 as installed capacity reaches 75 GW. Helped by a $50 bn grid upgrade and new installations, India´s solar capacity will be capable of delivering 110 terawatt-hours, or 22 per cent, of required power increase within seven years.
In many ways, our future hangs in the balance or, shall we say, on razor´s edge. The current regime is driving the economic situation to assume global leadership but the engine needs to harness high doses of power to drag along the legacy burden. There is an intensive negative force waiting for the leadership to blink and miss. So, every moment is vital and each move subject to scrutiny