MUMBAI (Fitch) -- Recent efforts adopted by the Indian government to develop its infrastructure plans and reforms of its local government are showing positive results despite the slow implementation, says Fitch Ratings. These efforts have resulted in the country's move towards an emerging market model for its infrastructure finance, and a more sophisticated domestic bond market.

"There are hopeful signs that India will become an emerging market model for both the decentralisation of governmental responsibility as well as for the creation of sustainable financing for infrastructure projects," says William Streeter, managing director...

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Posted by rjorr at March 13, 2006 2:45 PM