Global financial crisis hits infrastructure investments in India

Investment flows into infrastructure have been hit as a result of the global financial crisis, the Planning Commission Deputy Chairman says Montek Singh Ahluwalia the Deputy Chairman of Planning Commission, according to media reports. Ahluwalia said the fiscal deficit is going to be more due to the unexpected costs borne by the system.

It is the impact of the global crisis the hit the investment scenario in India and the world. In India the flow of the foreign investment has come down due to the global crisis and the foreign investors have been withdrawing their investment from the market. The investment is the key for the all the sectors of economy to cherish. However, the fact can’t be denied that there in huge impact of the global meltdown on Indian economy, as the RBI is projecting a growth rate of seven percent.