mardi 27 août 2013

India infrastructure projects set to boost economy

An Indian man works at a welding workshop in Ahmedabad, India, Thursday, Aug. 22, 2013

The Indian government has approved infrastructure projects worth 1.83tn rupees ($28.4bn; £17.7bn) to revive the economy and boost the falling rupee.

Finance Minister P Chidambaram said 36 stalled projects in oil, gas, power, road and railways sectors were cleared.

"The message we are sending is that the investment cycle has restarted, and we are pushing it," he said.

Recent attempts to reduce volatility in currency markets have so far failed to have any result.

Read more... 'Be patient, be firm'

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