That’s the amount of money that is going to spent on revamping India’s airports and building new ones in the next four years, according to this report. I hope most of it comes from private investment, which is always more efficient than government spending, and I think it would be money well spent.
Why so? Well, because of the halo effect. Airports are the entry point of many people into a city, and even the country, and inform their first impressions of it. Give them a neat, ultra-modern, comfortable airport, and you’ve already brought them closer to doing business here, or investing here, or even just spending time (and thereby money) here. If you want India Shining, you’ve got to get the airports shining first. Right now, we have neither.