The Planning Commission on Tuesday said investment in infrastructure will have to be about $350 billion (about Rs 15,61,000 crore) in the next five years to propel overall growth of economy to over 8 per cent.
This chunk of the money would have to be in the form of FDI and private sector participation, Planning Commission Deputy Chairman Montek Singh Ahluwalia said at the Indo-US conference.
Trying to allay the apprehensions of the overseas investors on hurdles in India's growth, he pointed out that 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.
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