{"id":11968,"date":"2019-11-27T17:27:42","date_gmt":"2019-11-27T11:57:42","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11968"},"modified":"2019-11-27T17:27:42","modified_gmt":"2019-11-27T11:57:42","slug":"infra-spending-by-states-must-rise-crisil","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/infra-spending-by-states-must-rise-crisil\/","title":{"rendered":"Infra spending by States must rise: Crisil"},"content":{"rendered":"\n<p><strong>News:<\/strong>The Credit rating agency CRISIL has released its Infrastructure Yearbook 2019.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Key takeaways from the Yearbook:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>CRISIL has said that states need to scale up investments to Rs 110 lakh crore over the next decade to achieve India\u2019s massive infrastructure targets.<\/li><li>The country-wide infrastructure spending required will be Rs 235 lakh crore over the next decade and has called for average GDP growth of 7.5% and infrastructure spending of above 6% of GDP to help achieve infrastructure targets.<\/li><li>Currently,the cumulative investment in infrastructure by state government is Rs 31 lakh crore or 41% of the total expenditure by the Centre and private sector which stood at Rs 77 lakh crores.<\/li><li>The five sectors which accounted for two-thirds of the states spending are transport, irrigation, energy, urban &amp; housing, and water &amp; sanitation.<\/li><\/ul>\n\n\n\n<p><strong>Categorisation of states:<\/strong>The Yearbook has bucketed states into three categories:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Frontrunner<\/strong> states such as Gujarat,Maharashtra and Karnataka has seen a slowdown in capital expenditure.These states need to attract private investments and find new ways to grow capital expenditure.<\/li><li><strong>Middle<\/strong> of the pack states such as Haryana,Andhra Pradesh and Telangana can be growth leaders by sustaining their current spending.<\/li><li><strong>Climbers<\/strong> states such as Rajasthan and UP which have been high spenders in recent years could be constrained by surging debt burden.<\/li><\/ul>\n\n\n\n<p><strong>Constraints in infrastructure spending:<\/strong>CRISIL has identified key structural constraints to address for a sustained increase in spending which are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>fiscal deterioration<\/li><li>institutional weaknesses and&nbsp;<\/li><li>inability to scale up commercial financing and public-private partnerships (PPPs).<\/li><\/ul>\n\n\n\n<p><strong>Recommendations:<\/strong>CRISIL<strong> <\/strong>has recommended several measures to address the structural constraints which are&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>expanding fiscal space by unlocking asset monetisation potential and moving to merit-based directed subsidies&nbsp;<\/li><li>nurturing robust counter-party institutions that can own up infrastructure development (including driving viable PPPs)&nbsp;<\/li><li>ironing out sectoral creases and rolling out policies that lift the investment momentum.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About CRISIL:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>CRISIL stands for Credit Rating Information Services of India Limited.It was the first credit rating agency set up in India in 1987.It is headquartered in Mumbai.<\/li><li>It provides an independent opinion and efficient solutions by performing data analysis and research.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The Credit rating agency CRISIL has released its Infrastructure Yearbook 2019. Facts: Key takeaways from the Yearbook: CRISIL has said that states need to scale up investments to Rs 110 lakh crore over the next decade to achieve India\u2019s massive infrastructure targets. The country-wide infrastructure spending required will be Rs 235 lakh crore over the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/infra-spending-by-states-must-rise-crisil\/\">Continue reading <span class=\"screen-reader-text\">Infra spending by States must rise: Crisil<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3232,3949,3446],"class_list":["post-11968","post","type-post","status-publish","format-standard","hentry","category-economy","tag-crisil","tag-infrastructure-spending","tag-states","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704829557},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/11968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=11968"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/11968\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=11968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=11968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=11968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}