Too costly to be beneficial

The National Infrastructure Pipeline website opens with the following statement: "The National Infrastructure Pipeline (NIP) for FY 2019-25 is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure to citizens and improving their quality of life. It aims to improve project preparation and attract investments into infrastructure." The pipeline estimates a total expenditure of Rs 111 trillion between 2020 and 2025. A break-up by sector of the projected capital expenditure is given in the chart 'Sector-wise break-up of capital expenditure...'.

This article was originally published on January 13, 2022.