High economic growth and sustainable development are the principal objectives of the developing world. The major precondition for attaining these goals is the availability of infrastructure in the economy, both in adequate quantity and quality. Infrastructure is considered as the wheel, if not the engine of development. The lack of infrastructure will definitely hamper the sustainable economic growth and quality of life. In the developing countries including India, the availability of adequate infrastructure is low as compared to the country need. While the demand of infrastructure is now growing at a much faster rate, supply is more or less stagnant and severely lacks in quality. This is mostly due to growing urbanization and globalization across the countries in the world. The augmentation of necessary infrastructure for sustainable economic growth and quality of life requires huge amount of finance. There are many ways infrastructure can be financed- the important areas are budgetary and non- budgetary provisions like accessing capital markets and institutional reforms.