India, Jan. 31 -- The Economic Survey 2024-25 has said that multiple critical sectors need private investment as government funding alone cannot upgrade the required infrastructure to meet the goal of Viksit Bharat by 2047.

"We need to ensure increasing private participation in infrastructure by improving their capacity to conceptualise projects and their confidence in risk and revenue-sharing mechanisms, contract management, conflict resolution and project closure," the Survey, tabled by Finance Minister Nirmala Sitharaman, said.

It added that "the efforts of the Union Government would need to be supplemented with wholehearted acceptance of the need for public-private partnerships in infrastructure across the country. Equally important...