The popularity of
Since its liberalization in 1991, the Indian economy has been on an exhilarating ride. The country is in the midst of a remarkable growth phase. Gross domestic product grew at 9.4 percent in 2006 after exceeding 8 percent annual growth for the previous three years. A growing middle class and a skilled young workforce with increased purchasing power are helping to drive hyper-growth rates.
In its Economic Outlook for 2007-08, C. Rangarajan,chairman of the Prime Minister's Economic Advisory Board, bet on a reasonably benign monsoon and conducive external conditions to facilitate growth of 9 percent for the third consecutive year.
The foundation of economic, industrial and social development lies in the infrastructure of an economy. The multiplier effect of infrastructure development on the economy is, thus, significant. Road transport, telecom, housing, railways, power, steel, cement, bridges, townships, shopping malls, food parks, aviation and shipping, among others, all fall under the infrastructure sector.
And if industry experts are to be believed, this is one sector, in