During the Great Depression, when joblessness was rampant in America, the federal government had commissioned the Hoover Dam project, creating an entire town for the construction workers who worked on it. Covid-19 has led the Indian infrastructure industry to ask the government for big spends so that projects can re-start and jobs can continue to be created. While the announcement of the Rs. 20 lakh crore stimulus package and the report by the task force on National Infra Pipeline (NIP) layoung out a Rs. 111 lakh crore investment for FY2019-2020 to FY2025 are encouraging, industry insiders are waiting for details to feel assured.
