India won't meet $1 trn infra investment target: Montek
July 16, 2012  16:33
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The Planning Commission today said India will not be able to achieve USD 1 trillion target for investment in the infrastructure sector during the 12th Plan(2012-17) in view of lower economic growth prospects.

"The earlier figure was based on the 9 per cent growth target and if the growth target is less, it (investment target) does not have to be same number," Planning Commission Deputy Chairman Montek Singh Ahluwalia said when asked about trimming of the infrastructure investment target.

"Obviously, if the five year perspective is lower than 9 per cent then investment requirement would also be lower. I don't think that USD 1 trillion should be seen as sacrosanct figure. I don't regard the USD 1 trillion figure as some kind of figure written in stone," he said.
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