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Response to Tansy_Gold (Original post)

Tue Aug 27, 2013, 07:21 AM

25. India infrastructure projects set to boost economy

http://www.bbc.co.uk/news/business-23847059

The Indian government has approved infrastructure projects worth 1.83tn rupees ($28.4bn; £17.7bn) to revive the economy and boost the falling rupee.

Finance Minister P Chidambaram said 36 stalled projects in oil, gas, power, road and railways sectors were cleared.

"The message we are sending is that the investment cycle has restarted, and we are pushing it," he said.

The announcement came on a day the rupee hit a new record low, touching 65.6 against the US dollar.

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