$1 trillion infrastructure investment for India: Ahluwalia

The 11th Five Year Plan that begins in 2012, is going to have some pleasant surprises. One of them being ‘India will double its investments in infrastructure to $1 trillion with half of that expected from the private sector, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.
There is inclusive growth which the 11th Five Year Plan aims at. The growth is not going to be individually in private sector or foreign investment, but the generic would be highlighted too, which is nature of the policy.
Ahuluwalia claims, 'In India, it is clear: It's private sector-led growth in which the government plays a very important role in providing the infrastructure that will make this growth possible, and it's the social policy that will make growth inclusive.
Sources reveal that, Jamshyd N. Godrej, chairman and managing director of Godrej and Boyce Manufacturing Co, said that inclusive growth was transforming India. He pointed to 'Bihar, a state that had been the poster boy of no development, is now in the vanguard of growth'.
Agreeing with Godrej, Janmejaya K. Sinha, chair for Asia-Pacific region with The Boston Consulting Group, said the obligation of financial institutions and banks to serve the underprivileged people had thrown open immense opportunities.
'In India, some 55 percent of people are excluded from financial services, and most of these are below 30. So, there's an opportunity of having 400 million customers for 45 years,' Sinha said.

Source: Yahoo Finance