Economic Survey 2023-24: Higher private sector financing, resource mobilisation key to building quality infrastructure
The Hindu
Economic Survey 2023-24 highlights need for private sector financing in India's infrastructure development, emphasizing data improvement.
“A higher level of private sector financing and resource mobilisation from new sources will be crucial for India to build quality infrastructure,” according to the Economic Survey 2023-24.
The Economic Survey 2023-24 was tabled in the Parliament by Finance Minister Nirmala Sitharaman on July 22. According to the survey, facilitating this would not only require policy and institutional support from the Central Government, but State and local governments would have to play an equally important role.
Also Read:Economic Survey 2023-24 LIVE updates
The survey noted that there is a need to improve data capture and reporting mechanisms for investments in infrastructure across instruments and sectors as well as its composition across various projects at a granular level.
The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the economy. The document also provides an overview of the short-to-medium-term prospects of the economy.
Also read:Indian economy witnessed profound positive transformation in last 10 years, says FM Nirmala Sitharaman
The Economic Survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance under the supervision of the Chief Economic Advisor.
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