Abstract

Development is the essence of well-being and can be broadly categorised into various categories, some of which are social, cultural, technological, economic development etc., A country needs to focus on importantly social, economic and technological development to be able to establish itself at the global level. India has gone far ahead in terms of this since independence. Thomas Friedman often quotes India among the four pillars of the new world order apart from the United States, The EU-Russia and China. India had adopted the planning commission which focussed on these developmental aspects and formulating the policies that were required for the same. The role of private partnership in the said development is of a great value as public private partnership ushers the wave of development and also ventures unto places where the government cannot reach through. Legislative lethargy and procedural nuances play a large role in non-addressing of developmental issues quickly. Hence, the role of public private partnership is far greater in achieving these goals quickly and efficiently.

Full Text
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