India to spend Rs 100 trillion on domestic infrastructure to boost economy
2 Dec 2019 15:45 reported by Margaret Yeh
The Indian finance minister announced that the Indian government would implement a series of infrastructure projects in December to boost the Indian economy.
According to the data, Indian economic growth had fallen to 4.5% during the third quarter of 2019, the slowest pace since 2013, which impelled the government to engage in economic reforms as soon as possible.
Indian government planned to spend around 100 trillion rupees on the infrastructure industry in the next five years. Nevertheless, economists predicted that Indian economic growth would continue to slow down in another two years and economic indicators had indicated that domestic consumption still remained weak.
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