Public-Private Partnership and Infrastructure Development in India- An Introspection

Abstract

A Public-Private Partnership (PPP) is a long term contractual agreement between a governm ent agency and a private partner for the delivery of goods or services.PPP can take various form s and include both collaborative (non-legal binding) or contractual (legally binding) agreements. Infrastructure bottleneck has been a serious concern in India in its way of robust pace of economic progression. While many advanced economies and fiscal constrained developing countries have developed their physical infrastructure successfully either through private participation or through public-private partnership (PPP) model, in India.