Moneycontrol
Mar 12, 2016 04:47 PM IST | Source: Reuters

PM Modi says public investment essential to boost growth

Private capital investment has been dormant for the past four years, despite efforts by Modi's government to stimulate it through debt-fuelled higher public spending.

PM Modi says public investment essential to boost growth

Indian Prime Minister Narendra Modi said on Saturday public investment is essential to boost growth in Asia's third-largest economy when private investment remains weak.


Private capital investment has been dormant for the past four years, despite efforts by Modi's government to stimulate it through debt-fuelled higher public spending.

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