Priya Ranjan Dash Monday, April 24, 2006 22:23 IST

To raise $2 billion a year by 2009, says finance minister.

NEW DELHI: Quoting Morgan Stanley's chief economist Stephen Roach's statement that "India is on the cusp of something big", finance minister P Chidambaram on Monday promised to make the May 3-6 Asian Development Bank (ADB) annual meeting in Hyderabad an opportunity to reinforce the India story.

India will seek Asian Development Bank (ADB) funds for the private sector, especially in the infrastructure sector. Besides, it will ramp up its overall borrowing from ADB to $2 billion a year by 2009...

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Posted by rjorr at April 24, 2006 12:13 PM