A new tripartite effort to provide a quantum leap to reforms is mooted. The Survey is of the view that "institutional reforms such as those related to size and quality of governance, freedom of information, economic laws and the legal system require the involvement of central and state governments as well as the judiciary". The modalities of this process have not been spelt out.

The Survey has called for a quantum change in the way public services are priced. Targeting subsidies at the very poor is, of course, a must. But what is of interest is the suggestion that the rest pay at least the operational cost of public services. This means that sweeping reforms are likely in thepricing of services like health, higher education, sanitation and water supply.

The Survey admits, for the first time, that revenue streams of most infrastructural projects are incapable of supporting exchange risk. Therefore, private financing of such projects would require a major domestic focus. Candid admission indeed. What is more, NBFCs are back in favour as is evident from the observation that "since timely availability of credit is as important as cost, financial intermediation by NBFCs is of importance". If banks and institutions have failed to rise to the occasion, equipment/leasing/hire purchase and loan/investment companies can bridge the gap.