India infrastructure boom to boost world growth - Ahluwalia
Montek Singh Ahluwalia, the deputy head of the Planning Commission, said India's current account deficit could reach 3 percent in the fiscal year ending March 2011 but the higher figure could be financed by increased capital flows.
Asia's third-largest economy is looking overseas to import equipment to help build infrastructure projects worth a planned $1.5 trillion in the ten years to 2017.
Imports will likely increase in the coming years especially for higher end projects such as airports and power plants, Ahluwalia said
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