India Needs To Scale Up Infrastructure Investment

New Delhi: India requires to scale up investment on infrastructure to 9 per cent of gross domestic product (GDP) from the current level of below 5 per cent, in order to meet the economic growth target of 9 per cent during the 11th Plan, the Planning Commission said. Investment necessity in infrastructure will be higher than thought earlier. To get a 9 per cent growth, India need to scale up its investment in the infrastructure sector during the terminal year of the Plan from the current 4.5 per cent, the Planning Commission''s Deputy Chairman, Mr Montek Singh Ahluwalia, said. It will be incorrect to perceive that the public sector alone should fund highways development programmes and the private sector too, would have to play a crucial role in it through public private partnership (PPP).