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A power station in New Delhi. India’s power shortfall has widened to about 13% this year |
India’s government is likely to miss its target on infrastructure spending for the five years ending March 31 2012 by at least $100 billion, according to a leading fund manager.
The government plans to spend $500 billion building roads, ports and power supply, according to its most recent five-year plan. But Alroy Lobo, chief strategist and global head of equities and asset management at Kotak Asset Management, reckons the eventual figure will be between $350 billion and $400 billion. In the power sector, for example, he says that at best 60MW to 62MW of capacity will be built by the...
