INDIA Delays in implementing ambitious infrastructure development plans threaten to slice $200bn off India’s potential national output a year and cost the economy as many as 35m jobs over the next eight years.
The findings in a study by McKinsey, the management consultants, will alarm policymakers and investors hoping that higher infrastructure spending by the re-elected government of prime minister Manmohan Singh will help restore the country to 9 per cent economic growth.
