This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities.
The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
NEW DELHI, an 20, 2015 - India will increase public spending on infrastructure, Finance Minister Arun Jaitley said on Monday.
The government estimates the country needs to spend $800 billion on infrastructure to grow 7 percent per annum, sharply higher than around 5.5 percent projected by the Reserve Bank of India for the current fiscal year that ends in March.
Concerned over slow economic growth, some government aides are also pushing to row back on fiscal deficit targets when Jaitley announces the 2015/16 budget next month. They have advocated more spending on infrastructure projects that could lift growth.