(Reuters Breakingviews) - The biggest thing Indian infrastructure has built up i...
Workers erect scaffolding at a construction site of a metro rail station in Kolkata, India, July 5, 2019. REUTERS/Rupak De Chowdhuri - RC1468967F10
Details of the plan were outlined on New Year’s Eve by Finance Minister Nirmala Sitharaman. The sum involved – with central and state governments each kicking in 39% of the total – represents roughly half the country’s gross domestic product. On an annualised basis, it’s twice as much infrastructure spending during the last full financial year to March. It will be a welcome stimulus for a flagging economy.
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