labels: economy - general, infrastructure - general
$350-billion infrastructure investment needed: Planning Commisiionnews
06 March 2007

New Delhi: The Planning Commission on Tuesday said that India would require $350 billion worth of infrastructure investment in the next five years to propel overall economic growth to over eight per cent.

Speaking at the Indo-US conference, Montek Singh Ahluwalia, deputy chairman, Planning Commission, said the investment requirement could be met to through FDI and private sector participation.

Setting at rest the apprehensions of overseas investors on the hurdles to India's growth, he said the government's efforts on inclusive growth should not be perceived as a dilution of its growth agenda.

He pointed out that given the country's past track record and its achievements, it would not be credible to say that India had failed.

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$350-billion infrastructure investment needed: Planning Commisiion