Investment in infrastructure will have to be about $350 billion to sustain overall growth, says Montek Singh Ahluwalia.
New Delhi: Montek Singh Ahluwalia, deputy chairman, Planning Commission, said investment in infrastructure will have to be about $350 billion in the next five-years to sustain overall growth of economy to over 8 per cent.
This chunk of the money would have to be in the form of Foreign Direct Investment (FDI) and private sector participation, Ahluwalia said at an Indo-US conference.
Trying to allay overseas investors' apprehensions on hurdles in the country's growth, he said given the record and what the nation has achieved in the past, it would not be credible to say that it has failed.
He said the government's efforts on inclusive growth should not be perceived as a dilution of the existing growth agenda.
With PTI inputs
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