Vinayak Chatterjee / New Delhi March 17, 2008

Yes and no. Allocations for new projects have diminished in relative importance, but policy pronouncements continue to have an impact.

In the media-surcharged atmosphere surrounding the Budget, commentators and gurus are asked to comment on the impact of the budget on various sectors. Of these, infrastructure features as a key sector where reactions are sought

And this led me to ask a rather innocent question to Bidisha Ganguly - the economist who handles CII's infrastructure secretariat,"How relevant is the Budget nowadays to the overall infrastructure sector?" Bidisha, in her usual diligent style, did a quick dive into figures and content. Without too much difficulty, the conclusion emerged that on financial outlays, the budget is losing relevance for new projects in the sector, but on policy and direction-setting, it continues to be impactful.

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Posted by dcjaya at March 17, 2008 3:46 PM