Economic Survey 2023-24 Emphasizes Private Sector Financing for India's Infrastructure

The Economic Survey 2023-24 highlights the need for increased private sector financing and resource mobilization to build quality infrastructure in India. Tabled by Finance Minister Nirmala Sitharaman, the survey calls for policy support from central, state, and local governments. It also emphasizes improving data capture and investment reporting mechanisms.

The Economic Survey 2023-24 underscores the critical need for higher levels of private sector financing and resource mobilization from new sources to build quality infrastructure in India. According to the survey, this would necessitate robust policy and institutional support from the central government as well as active roles from state and local governments.

Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 in Parliament, which noted the urgent need to enhance data capture and reporting mechanisms for infrastructure investments across various sectors and projects.

The Economic Survey, prepared by the Economic Division of the Department of Economic Affairs, is an annual document that offers a detailed review of the state of the economy and an overview of prospects for the short-to-medium term, ahead of the Union Budget.