Prime Minister Narendra Modi must invest trillions of dollars on roads and other critical infrastructure if he’s to pull India’s economy out of its slump, with at least half coming from state governments that are out of his control.
India will need to spend Rs 235 lakh crore ($3.3 trillion) on infrastructure over the coming decade to return economic growth rates to more than 7.5%, according to CrisilNSE 0.26 % Infrastructure Advisor. That means states will have to more than triple their contributions from the current decade, it said.
