The government’s post-pandemic infrastructure drive is helping to ease some of the bottlenecks that have previously constrained India’s economy, with particular success in developing port, railway and digital infrastructure. The good news is that infrastructure investment looks likely to continue apace, laying the foundation for stronger medium-term growth. But for the full benefits to be felt, the private sector needs to step up investment too. For the most part, it has so far been reluctant to do so.
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