• Rajeev Kumar Arora

The Public-Private Partnership (PPP) the new buzzword in many developing countries, has attracted the attentions of Indian academia, as it unfolds a new discourse to address developmental challenges. It engages a feasible, viable and growing model of sustainable development where the private and public organisations intersect and interact to act for the larger public good. Though the public sector would continue to play a key role in service delivery, the private sector may be comprehended as an agency to promote infrastructure through participating all inputs including financial. The pressure exerted on the public sector to leverage financial dispensability appears to be limited, as it is bestowed with several unpredictable responsibilities. These responsibilities are becoming unequivocally stringent, as the basket of financial inputs is scarce. As such, the developmental tasks cannot be left scot-free. Moreover, financial inputs and a smart system of management to ensure market-oriented actions can well be mobilized from the private sector though the PPP. The PPP projects in India are unevenly distributed. More focus has been laid down on south Indian states as compared to the rest of it. The investment of PPP projects has been found more in hard infrastructure sectors. However, its inflow should have also scaled up to the soft infrastructures to ensure inclusive growth and social justice. The major project areas where PPP works were executed are roads, ports, eco-tourism, silos, petroleum reserves, ropeway, telecom, railway stations, railway passenger trains, and metros. Looking at the fast track of service delivery and the PPP being an engine to accentuate outcomes, scholars are viewing PPP as a possible tool to accelerate the interventions. PPP has also been granted the opportunity to receive a long-term remuneration for the private sector. The micro-economic gains in the PPP ventures are incentivized through the application of expertise and experience of the private sector for the public services. Though quality feasibility studies conducted by the private sector minimize the degree of risks involved in the projects, an iota of incurring risks are shared equally by the private players. However, services delivered through PPP projects are expensive. It is more vivid when the procurement procedure is conducted which generally excludes the time-induced costs. The future activity under PPP projects is limited to the extent that it is implicitly built with complicated inflexibility.

PPP, Infrastructure, Developmental projects, Hard and soft projects, Ethical Governance)

"PUBLIC-PRIVATE PARTNERSHIP IN NEW PUBLIC MANAGEMENT: LOCATING PERFORMANCE GAPS ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 2, page no.a222-a230, February-2022, Available :http://www.jetir.org/papers/JETIR2202028.pdf

"PUBLIC-PRIVATE PARTNERSHIP IN NEW PUBLIC MANAGEMENT: LOCATING PERFORMANCE GAPS ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 2, page no. ppa222-a230, February-2022, Available at : http://www.jetir.org/papers/JETIR2202028.pdf