Archive for January, 2022

Delhi Airport Metro as a Case Study

– Rahul Varman[1] (rahulv[at]iitk.ac.in)

According to the currently dominant ideology, the private sector is more competent, efficient, and technologically capable than the public sector, and thus public-private partnerships save public money. The World Bank says:

Public-private partnerships (PPPs) can be a tool to get more quality infrastructure services to more people. When designed well and implemented in a balanced regulatory environment, PPPs can bring greater efficiency and sustainability to the provision of public services such as energy, transport, telecommunications, water, healthcare, and education. PPPs can also allow for better allocation of risk between public and private entities.[2]

This ideology has been embraced by India’s rulers. In February 2021, Prime Minister Narendra Modi declared, “the government has no business to be in business”:

The private sector brings in investment as well as the best global practices. It brings in top quality manpower and transforms the management. It further modernizes things and the entire sector is modernized. It also leads to rapid expansion of that sector and creates new job opportunities also. Monitoring is equally important so that the entire process remains transparent and according to the rules. That is, we can further increase the efficiency of the entire economy through monetizing and modernizing.[3]

(more…)

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