PFM Board

Medium Term Expenditure Framework => Public Investment Management => Topic started by: petagny on May 15, 2013, 09:32:30 GMT

Title: India's Slow-Down in Economic Growth
Post by: petagny on May 15, 2013, 09:32:30 GMT

This is an interesting piece on how India's growth is being affected by poor public infrastructure and the brakes that the democratic process is now placing on investment. Happily, the author does not suggest that India should become more like China and suppress democratic institutions. All the same, this is a difficult issue for democracies: how to ensure that losers are adequately compensated while at the same time ensuring that the greater good is served.

A Cabinet Investment Committee has been set up in India to get round some of the blockages. This is somewhat like the UK where the Cabinet Office now has a role in major public investments through the creation of the Major Projects Authority.

http://www.project-syndicate.org/commentary/the-democratic-roots-of-india-s-economic-slowdown-by-raghuram-rajan

Title: Re: India's Slow-Down in Economic Growth
Post by: Napodano on May 16, 2013, 12:46:55 GMT

This is the link to the UK Major Projects Authority. You can download interesting documents there

https://www.gov.uk/government/policy-teams/major-projects-authority