India to increase infrastructure investment by $11.3 bn: minister

India to increase infrastructure investment by $11.3 bn: minister
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Summary The government will spend 700 billion rupees ($11.3 billion) in the coming fiscal year.

NEW DELHI (AFP) - India will hike investment in infrastructure by $11.3 billion including on crumbling roads and railways in a bid to boost growth, the finance minister said Saturday as he unveiled his government s first full budget.

The government will spend 700 billion rupees ($11.3 billion) in the coming fiscal year given the "pressing need" to upgrade infrastructure including to attract foreign investment, Arun Jaitley told the national parliament.