TIL Desk/Business/Mumbai-The country’s poor infrastructure is the “biggest hurdle” to government’s flagship Make in India programme, S&P Global Ratings said today. “Infrastructure is the biggest hurdle to the ambitious Make in India programme of the government,” S&P Global Ratings Credit Analyst Abhishek Dangra told .
The infrastructure deficit is costing up to 5 per cent of the GDP and an improvement will boost export competitiveness, according to some estimates. However, he was quick to add that the export powerhouse of China also faces problems on the infrastructure front.
Every rupee invested in infrastructure development has a ripple effect and helps the GDP by Rs 2, he added. The passage of the Goods and Services Tax, billed as the country’s biggest indirect taxation reform, will give a fillip to the logistics and manufacturing sectors, he said.
