Lessons for India from UK on PPPs

Here is my co-authored oped with Dr TV Somanathan which outlines the lessons for UK's PPP experience and offers some suggestions for India.

Update 1 (30.07.2019)

In the context of India, Ananth sends this Businessline editorial urging caution on the Railways decision to embrace PPPs. The global evidence on railways is voluminous and speaks very loudly. The government should avoid PPP for rail tracks - not only is there not even one example from anywhere that it has worked, there are plenty from everywhere that it unravels very quickly. 

But for rolling stock, PPPs offer promise. It is also a great opportunity for industrial policy - ensure that PPPs are single-mindedly aimed at attracting the best global players to "make in India"!