Poor infrastructure biggest roadblock
The country’s poor infrastructure is the “biggest hurdle” to government’s flagship Make in India programme, S&P Global Ratings said on Tuesday.
The infrastructure deficit is costing up to five per cent of the GDP and an improvement will boost export competitiveness. Abhishek Dangra, Analyst, S&P Global Ratings Credit said that the export powerhouse of China also faces problems on the infrastructure front. Every rupee invested in infrastructure development has a ripple effect and helps the GDP by Rs two. The passage of the Goods and Services Tax, billed as the country’s biggest indirect taxation reform, will give a fillip to the logistics and manufacturing sectors.