India needs to double capex in medium term to fund infra: DEA Secy

India needs to double the capital expenditure in the medium term from about 5-6 per cent of the Gross Domestic Product (GDP) currently to fund infrastructure, DEA Secretary Ajay Seth said on Wednesday. Efforts, he added, have to be made to channelise all avenues of savings for garnering resources for stepping up investment in the …

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