Public-Private Partnership (PPP) as an Instrument of Faster Economic Growth of India:Perspectives on Policies and Practices in Selected Infrastructural Sectors

Abstract

Public-Private Partnership (PPP) is now accepted as an effective and novel instrument for stimulating economic growth all over the world, especially in mixed economies. In an emerging economy like India the importance of PPP has gained greater momentum for increasing and sustaining the current pace of socio-economic development. The Government of India (GOI) is also encouraging PPP as a mechanism for faster economic growth, especially in the infrastructural sectors. At this backdrop, this article seeks to examine the concept and policy framework of PPP in the Indian context. It also intends to highlight policies and practices relating to PPP in selected infrastructural sectors in India.