Like an actress dressed in the tattered clothes of a pauper, there is something incongruous about India’s stunning economic success over the past decade. The country is on a winning streak, but according to one recent survey the country ranks below war-torn Côte d'Ivoire when it comes to infrastructure, which is in serious need of some retail therapy.
With crumbling roads, ports and power networks shaving an estimated 2 percentage points from the country's growth each year, Indian politicians have promised a 'decade of infrastructure', with $1500bn allocated to various projects. Explicit in the plans is a commitment to expand the country’s capital markets, which trail their Asian peers in terms of development.
