IDFC Projects Ltd
Country Needs To Lift Up Infrastructure Spending To 10% Of GDP
Submitted by Sumeet Kak on Sun, 05/06/2012 - 15:25.
The country requites to lift up infrastructure spending to about 10% of gross domestic product to attain and maintain economic development objective of 9% in the coming years.
In a presentation at the annual meeting of Asian Development Bank, IDFC Projects Ltd Managing Director Pradeep Singh stated, "In order to sustain growth targets, this (investment in infrastructure) would need to increase further to over 10 per cent of GDP by 2017."
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