Clearly, there has been a decline in the share
of construction sector in GDP and GCF.
The main season for this was reduced Government
spending on Physical infrastructure in the
last decade.
Though there has now been an increasing emphasis
on involving the private sector in infrastructure
development through Public-Private Partnerships
and mechanisms as BuildOwn-Operate (BOT),
Private sector investment has not reached
the expected levels.
The Government is now providing substantial
fiscal stimuli by way of programme like the
—
(1) National Highways Development Project
(NHDP)
(2) Pradhan Mantri Gram Sadak Yojona (PMGSY)
(3) Power Project.
