The paper tries to highlight this significant factor and shows that a couple of PPP based projects in varied sector has enormously acted as a modern mechanism for faster economic growth in India. | Public private partnership and economic growth with special reference to India an overview International Journal of Management IJM Volume 7 Issue 3 March-April 2016 pp. 18-26 Article ID IJM_07_03_003 Available online at http IJM JType IJM amp VType 7 amp IType 3 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication PUBLIC PRIVATE PARTNERSHIP AND ECONOMIC GROWTH WITH SPECIAL REFERENCE TO INDIA AN OVERVIEW Wendrila Biswas Assistant Professor School of Management amp Social Science Haldia Institute of Technology Haldia West Bengal. ABSTRACT In this era of globalization public private partnership acts as an instrument for meeting the ever increasing demands with the resources as well as meeting quality with accessibility. In an economy where there is a mix of daunting challenges and opportunities PPP would definitely lay a solid foundation for economic growth and development and would help India become a major player in the global economy. A couple of evidence shows that PPP has a far reaching significance for rapidly advancing countries. The reason is that the development in all spheres has become a prime agenda. PPP is an approach if the government adopts and implement would facilitate the improvement of public services in a situation where the public sectors are facing budgetary constraints and again there is a scope of private investments in varied sectors. It is a PPP that allows an effective utilization of resources by the government facilitating greater economic activities and enabling more benefit to the public. In order to drive economic growth it is essential to welcome PPP with right set of policies that would create economic prosperity and expansion. The paper tries to highlight this significant factor and shows that a couple of PPP based projects in varied sector has enormously acted as a modern mechanism for faster economic growth in India. It was .
