Can project appraisal be linked with growth rate in the economy?
Abstract
In underdeveloped mixed economies, the
choice of big investment projects has a
direct bearing on the productivity of
capital. The economic rate of return on big
projects determines the achievable growth
rate in the economy given the flow of
investment.
Ravindra Dholakia's argument is that
project appraisal of such projects can and
should be linked to the economy-wide
growth target of the Planning Commission.
Such a linkage would facilitate
rigorous scrutiny of projects and demand
more creative project design for achieving
national goals.
Collections
- Journal Articles [3727]