New Delhi, March 23: 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 (USD 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 USD 500 billion, thanks to a better-than-expected show by the telecom sector.
–PTI