Growth Empirics of Public Private Partnership Model in Infrastructural Development of Roads in Uttar Pradesh

Abstract

The present locale of infrastructural development in India is primarily dominated by roads, ports, airports, power, water, railways, urban facilities or even telecommunication. The existing spectrum of development paradox of India is likely to attain the sustainable double digit GDP growth in future. Therefore, the Indian government have initiated some serious efforts to strengthen the policy and regulatory framework for the core infrastructure sectors. Throughout the last decade, private investment in infrastructure has remained below the targeted 2% of GDP. It has been observed that Substantial investment in infrastructure leads to employment generation, reduction in cost of doing business, increased production efficiency, and improved Quality of life. The present study is an attempt to know the status of PPP projects with special reference to the roads in Uttar Pradesh and also to analyse their impact on the state GDP.