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    ADB: India must increase infrastructure investment

    India should begin to invest as much as USD1.6 trillion on developing infrastructure in the next ten years if it is to maintain economic growth. According to Asian Development Bank managing director general Rajat Nag, the southern Asian state should direct 10.5 to 12 percent of its gross domestic product on the construction of better roads, energy facilities, and other major for…

    By Newswire Newsletter // 04 December 2007

    India should begin to invest as much as USD1.6 trillion on developing infrastructure in the next ten years if it is to maintain economic growth. According to Asian Development Bank managing director general Rajat Nag, the southern Asian state should direct 10.5 to 12 percent of its gross domestic product on the construction of better roads, energy facilities, and other major forms of public infrastructure. Nag added that the lack of infrastructure in India has shaved off roughly two percent from the country’s economic growth. (Source: India Needs to Invest $1.6 Trillion in Infrastructure/Bloomberg)

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