India will need $1 trillion of infrastructure investment to nudge annual GDP growth higher by just half a percentage point in Prime Minister Narendra Modi’s second five-year term. 1 challenge for Nirmala Sitharaman as the country’s new finance minister gets ready to present her first annual budget on Friday. Also Watch | Mint Budget Round-Table: How Modi govt can achieve $5 trillion economy aimFrom consumption and private investment to exports, no cylinders are firing. It’s what economists call a classic “crowding out” of the private sector. With $1 trillion required to build new infrastructure, India can’t afford similar bungling when it comes to state assets.

Source: Hindustan Times July 04, 2019 05:15 UTC