DAILY TIMES – India will set up a $11 billion dollar fund to upgrade its creaking infrastructure, refinance high cost debt and develop the debt market by issuing more long-term paper, a planning commission adviser said. India has possibly grown 7.2 percent in the fiscal year which ended in March and is expected to grow around 8.5 percent in the fiscal year 2010-11. But investors and analysts say poor infrastructure acts as a drag on growth in Asia’s third-largest economy. Read More
