Reviewing the dynamic volatilities being witnessed in India’s economic sector, Planning Commission Deputy Chairman Montek Singh Ahluwalia suggests revival of infrastructure investments as positive approach to revert 8 percent growth in the next three years. The Planning Commission Chairman outlines the infra investment push as a need of the hour in addressing the declining growth to global and domestic factors.
“Work is progressing to revive the pace of infrastructure investments and we believe that it can contribute in regaining the growth back to 8 percent in a three year period,” opined Ahluwalia at the Strategic Economic Dialogue (SED) Forum.
He further outlined that the country’s GDP witnessed a considerable a fall in the last fiscal, registering at 4.6%. According to Ahluwalia, the global economic meltdown while has partly resulted in the dwindling pace of the country’s economy, impact has also been evident due to certain domestic constraints.