Montek Ahluwalia surveys the state of India's infrastructure and concludes that while in the past few years there appears to have been growth without the development of infrastructure, this was mainly because of the prevailing slack in the sys-tem and therefore one must not confuse this to be a permanent state of affairs. Sound infrastructure is a sine qua non for economic growth and India, ever since the reforms got underway, has done precious little here, except for perhaps in telecommunications. In general, for various reasons private capital has shied away from infrastructure sectors. Ahluwalia predicts that investment to the tune of Rs 325,000-394,000 crore would be needed in the coming years for building up infrastructure capacity, something which the government alone can never achieve. Hence, the government must encourage and nourish this role and ability of the private sector.