Govt plans to invest $1.39 trillion in infrastructure to boost economy

NEW DELHI: Nirmala Sitharaman, Finance Minister of India said that the Government of India will launch a series of infrastructure projects this month as part of a plan to invest $1.39 trillion in the sector over the next five years. The step will be taken in order to boost India’s economy

Economic growth in India dropped to 4.5 per cent in the July-September quarter which is  recorded as the weakest pace since 2013.

As per the minister, a set of officers are looking into the pipeline of projects that can be readied so that once the fund is ready, it could be front-loaded on these projects. She further added the task is nearly completed. Nirmala assured that before December 15, the government will be able to announce launch of at least ten projects.