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Infra spending to reach Rs 41,00,000 cr in 12th Plan

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Press Trust of India New Delhi

India will need an investment of over one trillion dollars (about Rs 40.99 lakh crore) for infrastructure development in the 12th Five Year Plan (2012-17), twice the amount that is likely to be achieved in the current plan.

"A preliminary assessment suggests that investment in infrastructure during the 12th Plan would need to be of the order of about Rs 40.99 lakh crore ($1,025 billion) to achieve a share of 9.95 per cent as a proportion of GDP," Planning Commission Deputy Chairman Montek Singh Ahluwalia said in a report on Investment in Infrastructure.

Yesterday, the Planning Commission had said investment in the infrastructure sector in the Eleventh Five Year Plan (2007-12) will be close to the target of $500 billion, thanks to a better-than-expected show by the telecom sector.

The Commission had set a $500 billion target of investment in the infrastructure sector during the Eleventh Plan Period.

Following the global crisis, the growth rate during 2008-09 slipped to 6.7 per cent from over nine per cent in the preceding three years. It is estimated to be 7.2 per cent in the current fiscal.

 

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First Published: Mar 23 2010 | 10:34 AM IST

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