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India to increase infrastructure investment by $11.3 bn

Published: 28 Feb 2015 - 09:29 am | Last Updated: 16 Jan 2022 - 12:15 pm

 

New Delhi--India will hike investment in infrastructure by $11.3 billion including on crumbling roads and railways in a bid to boost growth, the finance minister said Saturday as he unveiled his government's first full budget.

The government will spend 700 billion rupees ($11.3 billion) in the coming fiscal year given the "pressing need" to upgrade infrastructure including to attract foreign investment, Arun Jaitley told the national parliament.

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