Force-Funding of Infrastructure Off-budget and Off-key?

Force-Funding of Infrastructure Off-budget and Off-key?

Economic and Political Weekly, 2 October 2004

It is easy to force-fund infrastructure by persuading the banks and the RBI to lend money, but this is only likely to result in a fragile banking system. The gains will be greater if the projects are first made viable. Investors will channel resources into infrastructure once a market has been created, regulation put in place, and tariff reform implemented.