Rakesh Mohan is a former deputy governor of the RBI, and Divya Srinivasan is a former research associate at the Centre for Social and Economic Progress, New Delhi.
Across the Global South, one of the biggest challenges is not just to build more infrastructure, but to build it right. Without institutional capacity and financial depth, the increasingly popular public-private-partnership model can backfire, creating a vicious spiral of debt, delays, and disillusionment.
Rakesh Mohan and Divya Srinivasan
February 18, 2026 at 3:18 AM IST
National Highway Authority of India