India's infrastructure deficit too large, will take time to be eliminated: S&P
Updated : July 30, 2018 01:33 PM IST
S&P Global Ratings on Monday said India's infrastructure deficit is "too large" and the country still has a long way to go before it can close the sizable deficit between supply and demand.
The Indian government estimates infrastructure investment of USD 4.5 trillion will be needed through 2040, it said.
"Project delays and cost overruns are attributable to complex land acquisitions and environmental issues. And in all democracies, societal considerations play a part, too," S&P said.
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