Public Private Partnership Model Vis-À-Vis Infrastructure Financing in India The Retrospection

Infrastructure outstanding level is beauty of any country but it's a costly affair. To remove the infrastructure deficiency in the country, the venture necessities play an important role. It could not be met by the public sector alone due to fiscal constraints and increasing liabilities of the Government. So need comes rise to participation of private sector in coordination with the public sector to develop the public infrastructure facilities. In this direction, the economic reforms initiated in the country provide forth the policy environment towards public-private partnership (PPP) in the infrastructure development. Sector-specific policies have also been initiated from time to time to enhance the PPP in infrastructure building. While the PPP is gaining momentum to develop basic infrastructure worldwide, in India, the participation of private sector in the infrastructure building has not been much encouraging, despite several rounds of policy reforms.