To stimulate public investment in infrastructure, a special purpose vehicle – India Infrastructure Finance Company Limited (IIFCL) was set up for providing long-term financial assistance to infrastructure projects. The Union Budget for 2009-10 announced that IIFCL in consultation with banks will evolve “take out financing” scheme to facilitate lending to the infrastructure sector.
It is fair to say that the richness and availability of external statistics has increased considerably over the last 20 years. At the same time, the measurement challenges have increased, meaning that there are still many analytical hurdles to overcome when interpreting external statistics. For the ECB, high-quality measurement of cross-border statistics is centrally important to the ECB for several reasons.