350 Billion dollar infrastructure investment

The Planning Commission has laid out the requirement of $ 350 Billion investment in the infrastructure sector to fuel the ongoing economic growth story. This means that the infrastructure expenditure is poised to grow to 8% of GDP from 4.7%, where it stands today. The private sector is expected to share approximately $75 billion of this and the major portion of it is supposed to be done through government and PPP (public private partnership). This is a significant move as it could signal Foreign Investors that Indian is indeed serious about mending the deficiencies in the infrastructure that has proven a major bottleneck for various projects. On the face of it, we are lagging behind China because of crippling infrastructure, which is a deterrent instead of being an enabler in the era of globalization.
The news of major investment in infrastructure indeed was much awaited, but there exists “many a slip between the cup and the lip”. Where government policies try to be investment friendly, political motives and regionalism prevail to satisfy “certain” classes of the society. National Economic growth should not be stymied at the cost of personal/political reasons. Long term, sustained growth can be achieved in the society which believes in the legislature and the legislature works in unison to deliver value to the masses.