India must focus on making investments in infrastructure: FM

India Infoline News Service | Mumbai |

According to FM, the Sustainable Level of Lending can be increased by adopting a comprehensive strategy of augmenting income and reducing expenses

Finance Minister P Chidambaram on Sunday asked the Asian Development Bank (ADB) to double its lending capacity to $20 billion a year in 20 years to help emerging market and poor economies.
Speaking at annual meeting of ADB in Astana, Kazakhstan on Sunday, Chidambaram said that ADB should be sufficiently resourced to support the growing needs of the members, and address serious challenges such as fighting poverty or developing much needed infrastructure.
"Policies to revive growth in most emerging markets, including India, will have to be focused on increasing investments, particularly in infrastructure," he said.
According to the finance minister, the Sustainable Level of Lending (SLL) can be increased by adopting a comprehensive strategy of augmenting income and reducing expenses.