The PM expects an increase in local and foreign investment, and expects investment rate to go beyond 31 pc of GDP.
New Delhi: Prime Minister, Manmohan Singh says that India needs $150 billion for infrastructure.
According to him, India is working on a free trade agreement with Japan and China and that the country has aggressively cut customs duty to allign with ASEAN.
Further, he expects an increase in local and foreign investment, and expects investment rate to go beyond 31 per cent of GDP.
Manmohan Singh also feels that ADB, World Bank and IMF should devise strategies to deal with oil prices.
He says that large current account deficit raises growth concerns.
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