Public private partnership initiatives key development from "summary" of Indian Economy: Performance and Policies by Uma Kapila
Public private partnership initiatives have emerged as a key strategy for fostering development in various sectors of the Indian economy. This approach involves collaboration between the government and private companies to jointly finance, plan, and implement projects that serve the public interest. By leveraging the strengths of both parties, such partnerships can lead to more efficient and effective delivery of goods and services to the citizens.
One of the main benefits of public private partnerships is the sharing of risks and responsibilities between the government and the private sector. This helps in mobilizing additional resources and expertise for projects that may be beyond the capacity of either party to undertake alone. Moreover, private companies bring in innovation, technology, and management skills that can enhance the quality and efficiency o...
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