ABSTRACT
Infrastructure is a sector in which India needs immense investment and its development would be one of the major factors governing the overall rate of growth of the economy as well as the manpower absorption in the economy. The requirements of the infrastructure are estimated to be of the order of US$320 billion for the next ten years. Hence, the source of large-scale finance for the infrastructure has been a constraint, which has handicapped its faster development in India. Bulging forex reserves offers a welcome opportunity for financing infrastructure projects.
