NEW DELHI: Highlighting his government’s efforts to boost infrastructure development in the country, Finance Minister P Chidambaram on Monday in his Vote on Account 2014 speech said that while the cabinet panel has cleared 296 projects, there are seven airports that are currently under construction in India. “296 projects worth Rs 6,60,000 crore were cleared by Cabinet Committee on Investment by end January 2014,” Chidambaram said.
“We have added highways and rural roads under the PMGSY, and railway tracks,” Chidambaram said. “The installed power capacity has been augmented”, he added.
Chidambaram said that the economic growth for the current financial year is seen at 4.9%. The Fm said that GDP growth in Q3 and Q4 will be 5.2%.
Amidst disruptions over the Telangana issue, Finance Minister P Chidambaram on Monday presented his Vote on Account speech, pegging the exports growth at $326 billion, up 6.4% in FY14. Read more