Answer to Question #49279 in Macroeconomics for sanghamita ghosh
.Justify the options and futures of ppp in India?
The main option of the PPP in India is the participation of private players for the development of Mass Transit System in the country. The Railway Budget 2014-15, presented Tuesday by Union Minister Sadanand Gowda, laid emphasis on using the public-private partnership (PPP) route for implementation of projects such as high speed rail and redevelopment of stations. In 2012-13, the annual outlay for PPP investment was Rs.1,050 crore, which has risen to Rs.6,050 crore in 2014-15. Also, Metro. Currently, Gurgaon and Hyderabad Metro are being developed on PPP mode by IL&FS and L&T respectively Moreover, there are public–private partnership programs in study area by NGOs such as the Akanksha Foundation, Muktangan, Children In Progress (CHIP) and others.