FM asks pvt sector to invest in infrastructure

Finance Minister P Chidambaram today invited the private sector to pitch in with support for ensuring over 8% growth in the economy.

"The economy is exected to grow at 8% or more in the 11th Plan. Unless investment grows at the same pace, it will not be possible sustain the growth," Chidambaram said while addressing a day-long summit on infrastructure convened by the Planning Commission.

Chidambaram added that over $363 billion would be needed over the next five years for the development of infrastructure in India.