Airlines from today will levy a traffic congestion tax. Thanks to the slow growth of airport infrastructure and the rapid introduction of new airlines, metro airports in particular face high levels of congestion during peak hours. Planes hover around the airport, till they are give a landing spot, typical wait times can vary from 10-45 minutes. This is the state of affairs in India, where infrastructure lags growth. All infrastructure projects are plagued by corruption where all politicians and public officials want their cut of the pie. They will always want to pass each individual project rather than define a framework. India a global super power ? my foot. Every foreign company wants access to the billion Indian consumer and participate in infrastructure that is lagging. So they all shower hollow praise and we believe it.
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