Infrastructure financing challenge in perspective

I have an article in this month's Swarajya, placing the country's infrastructure financing challenge in perspective. It is available here and here. The summary,

As India explores various alternatives for financing infrastructure, it would do well to keep in mind the global experience of public finance and domestic bank loans being the major contributors. While alternative sources like bonds and foreign capital are useful complements, we need to be realistic with our expectations for them. This also underscores the importance of boosting domestic savings and immediate restoration of the banks’ balance sheets.