3. India has emerged as the world’s largest PPP market with more than 900 projects in various stages of development yet challenges galore. Explain. How far would the ‘3P India’ Initiative be able to address these challenges?

Approach:

The first part of the answer should list a few challenges faced by the PPPs in India, ranging from financing to project clearances etc. The next part should focus on how 3P India, tries to resolve these challenges through an institutional mechanism.