From Frank Holmes of U.S. Global Investors:
Poor infrastructure continues to be an Achilles heel for India — if it were better, analysts say, the country could add 1-2 percentage points to its annual economic growth rate of around 8 percent.
India spends $17 per capita annually on infrastructure and capital investment — by comparison, China spends $116. With millions of people moving to India’s cities each year, McKinsey says the country will have to spend $1.2 trillion on infrastructure just to meet basic needs. This works out to...
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