India Finance Minister Nirmala Sitharaman told CNBC an improvement in the government's revenue generation would enable it to invest more into infrastructure projects.
finance minister said there are signs pointing to a turnaround in Asia's third-largest economy, and the government's growth targets for 2021 are"I say it is realistic because we've taken various factors on board, and expect the revenue generation to improve, which it's already showing signs of," Nirmala Sitharaman told CNBC's Tanvir Gill on Sunday., released on Friday, that projected the economy will grow in the range of 6% to 6.
Citi analysts added that the broad message was that "the growth revival will have to be driven by the private sector, while government would aim to provide an enabling environment."Late last year, Sitharaman introduced an ambitious plan that would see India invest about 103 trillion rupees in thousands of infrastructure projects over the next five years. They include projects in health care, transportation and logistics.
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