Economic development results from an inter-play amongst four factors of production being (i) labour (ii) land (with underlying minerals and natural resources) (iii) capital and (iv) entrepreneurship. Over the last few decades India has seen increased private participation including foreign investment in developing, operating and maintaining infrastructure facilities and utilities. With the challenges of distributive justice in an unequal world this phenomenon has tested the boundaries of balance between growth, entrepreneurship, social justice and welfare; particularly in the face of unpredictable divergence of views amongst the legislature, executive and the judiciary on issues related to policy choices governing natural resources, infrastructure and capital.
Please click here to read the full article.
Amit Kapur is a Partner with JSA since 2000. He has anchored the Firm’s Infrastructure practice since 1997 with focus on infrastructure sectors. Having served as Senior Partner of JSA since 01.04.2017, on 01.01.2019, Amit assumed office as the Joint Managing Partner of the Firm.