India ranked 90th out of 144 countries, as per the World Economic Forum Global Competitiveness Report 2014–15, in terms of infrastructure quality with “inadequate supply of infrastructure” listed as the one of the most problematic factors for doing business. 12. Estimates suggest that the lack of proper infrastructure pulls down India’s GDP growth by 1–2 percent every year.
To my mind, any sector to thrive and progress in the long run, most necessarily needs a continued demand and an enabling business environment. In the context of infrastructure sector this “enabling environment” has a wider connotation covering among others, the presence of well-documented and stable administrative and regulatory policies; a vibrant dispute resolution mechanism and a strong judicial system.