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The infrastructure sector comprising of transportation, communications, electricity and other services constitutes the backbone of any growing economy. Supply bottlenecks of critical services can severely hamper growth and development. The Tenth Five Year Plan has targeted an annual growth of 8 per cent in GDP over 2002-07 as compared to the average of
5.6 to 5.7 per cent recorded during the eighties and nineties. However, further acceleration
of growth requires significant investments in infrastructure. The energy-transport infrastructure, in particular, will be a major determinant of an acceleration in GDP growth.
According to the Tenth Five Year Plan, the cumulative investment requirement during
2001-02 to 2005-06 has been estimated at US$ 156 billion. Of this, 40 per cent is required
in the power sector, 11 per cent in telecom and around 14 per cent in roads and railways.
With US$ 38 billion already invested between 2001-02 and 2002-03, there still exists a target
of......

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Approximate Word Count: 4523
Approximate Pages: 19 (250 words per double-spaced page)

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