Thus, we have to carry forward this growth performance in a sustainable and inclusive way to reduce poverty levels in our country. This also assumes further significance as EMEs like India and China will have to continue as the major contributors to the global growth, especially in the current context when severe slowdown is afflicting the advanced countries.
There are many structural factors on which we have to focus to achieve this objective. One important among them is no doubt the development of infrastructure. As such the theme of today’s conference “infrastructure financing” is a very topical one. The relationship between infrastructure development and economic growth is well established in the literature.