Why India needs an aggressive highways programme2 min read 17 Dec 2012, 01:14 PM IST
New roads not only improve connectivity but also help raise incomes of communities that are touched by highways
The Indian government has painted itself into a sorry corner, with profligate spending during good times leaving it with very little fiscal space to boost the weak economy. It should now focus on funding programmes that deliver the most bang for the buck, or what economists would describe as the maximum fiscal multiplier. Too much money has already been poured down the drain on populist policies such as fuel subsidies.
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