ABSTRACT
Chapter 5 of this book focuses on the law, framework and practice of PPP in the nation of India. The study of India’s PPP framework is relevant, given the fact that India, with a population of over 1 billion people, is the largest PPP market in the world. Several key innovations have been introduced in India to make PPP suitable to the local environment. For example, employing annuity payments for PPP projects and using PPP to provide projects that bring the government closer to the governed has been the hallmark of PPP arrangements in India. This chapter examines the country’s framework and practice of PPP and highlights practices in the country that can be replicated in other emerging economies, especially regarding PPP projects that directly connect with the local people.
