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Past Issue • Jul-Sep 2015

Roads to Riches? An Evaluation of the Pradhan Mantri Gram Sadak Yojana

Roads to Riches? An Evaluation of the Pradhan Mantri Gram Sadak Yojana

Infrastructure development could in many cases lead to unintended consequences, though not always negative in the short run, and hence it is important to create a macroeconomic environment conducive to growth along with creation of social infrastructure, says Professor Shilpa Aggarwal of the Indian School of Business, based on the findings of her study of the Pradhan Mantri Gram Sadak Yojana.  In recent years, several countries and policy organisations have directed huge sums of money towards the construction of roads. For instance, the World Bank has spent $20 billion annually on transportation infrastructure since 2006, 69 percent of which has been for roads. Similarly, the government of India spent more than $30 billion on roads between 2001 and 2010.

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