A road map for India emerges: legislative, regulatory steps should help provide direction for investment

Article Abstract:

The cabinet of Prime Minister P.V. Narasimha Rao recently approved an amendment to India's National Highway Act allowing investors to collect tolls on privately built roads and expressways. The bill, which still has to be considered by parliament, is expected to pave the way for a new national roads policy. As an added incentive, the government has also granted a five-year tax holiday to investors in roads and other infrastructure projects.

Regulation and Administration of Transportation Programs, Highway Construction Programs, Road construction, Transportation policy, Highway planning

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Faster growth, slower inflation seen

Article Abstract:

Indian Finance Ministry economists are optimistic that the country's economic growth will reach at least 5.5% in Apr. 1995, while inflation will be brought down to somewhere between 7% and 8%. In its annual economic report, the Finance Ministry stated that the country's revival of growth in economic output and employment has been accomplished smoothly unlike other countries trying to push through economic reform.

Reports, Forecasts and trends, India. Ministry of Finance

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