The government of India has planned infrastructure spending to the tune of $550 billion during 11th five year plan period from 2007 and 2008 to 2011 and 2012, to accelerate infrastructure development in the country. This report from Global Investment House says that the huge infrastructure spending provides immense opportunities for the infrastructure companies in India.

Over the past several years, the Indian economy grew faster than average global growth rate. The strong economic growth in India was largely due to factors such as increasing level of domestic demand, solid economic growth in all spheres of economic activity, the emergence of India as a low cost manufacturing destination and so on.

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Posted by boyang at August 11, 2008 8:38 PM