The RBI chief was speaking to researchers at an analyst call.
To cover most of the gap, the road ministry plans to raise $7 billion.
India likely to overtake China on strong GDP growth.
Rajan was speaking at a news conference.
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
Modi has taken a slew of measures to attract investment, but he has yet to initiate steps that could help repair corporate balance sheets.
New Delhi was reluctant to spook investors by clipping the bank's wings
India will be able to manage potential inflationary pressures if forecasts of sub-par monsoon
Consumer food price inflation eased to 6.14%.
S&P warned about spending on subsidies and heavy government debt.
It was 2.6% in January.
Sahoo panel suggests India must ease global borrwoging norms for corporate houses.
RBI governor Raghuram Rajan says a cut in cash reserve ration will not at all impact lending rates.
The exemption from MAT does not apply retroactively.
The output had expanded 1.8 per cent year-on-year in January.
State-owned banks have amassed bad loans faster than private sector lenders.
The move will likely attract more retail investors.
Wholesale prices fall 2.06% in February.
Jaitley promised higher investment in roads and railways.
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