The problems with infrastructure in India cannot be emphasized enough. This is not a complaint of someone living outside the country about the overcrowded roads and frequent power shortages. Take a look at this news item about a study from McKinsey on urban infrastructure.
The study suggests a need for investment of $1.2 trillion(about 54 lakh crore rupees) by 2030 in India's urban infrastructure. The sheer numbers are already staggering. Consider one of the other great rebuilding exercises undertaken in the late 20th century. The German reunification. Some studies suggest it has already cost about $1.9 trillion to rebuild East Germany.
This may not be an exact comparison. But most of India does look an awful lot like pre-1989 East Germany. For India's infrastructure to be brought to developed world standards ,we may be looking at several trillions of dollars in investment over multiple decades.
The study suggests a need for investment of $1.2 trillion(about 54 lakh crore rupees) by 2030 in India's urban infrastructure. The sheer numbers are already staggering. Consider one of the other great rebuilding exercises undertaken in the late 20th century. The German reunification. Some studies suggest it has already cost about $1.9 trillion to rebuild East Germany.
This may not be an exact comparison. But most of India does look an awful lot like pre-1989 East Germany. For India's infrastructure to be brought to developed world standards ,we may be looking at several trillions of dollars in investment over multiple decades.
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