1. India Reins In Ambitious Building Plans.
- Author
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Bellman, Eric, Range, Jackie, Pokharel, Krishna, and Engineer, Tariq
- Subjects
- *
ECONOMIC expansion , *ECONOMIC development , *FINANCIAL crises , *ROADSIDE improvement , *ROAD maintenance ,INDIAN economy, 1991- - Abstract
The article discloses the effect of the global credit crisis as India delays its infrastructure projects as initiatives for economic boost. Report says that almost half of the nation's highway improvement projects worth more than $6 billion would be put on hold. This translates to putting at risk about 3,700 miles of much-needed highway improvements in India. India's infrastructure deficit is said to be greater that most countries after five years of average economic expansion close to 9 per cent.
- Published
- 2008