Central Bank Rule Handicaps India's Infrastructure Hopes - Presented by: The Aol. On Network

A central bank ban on Indian banks buying new issues of infrastructure bonds has handicapped Prime Minister Narendra Modi's chances of gathering billions of dollars needed for mega-projects through the bond market. Elected in May, Modi has made heavy infrastructure investment and construction of affordable housing for all, by the year 2022, key elements of a reform agenda--aimed at getting India's lumbering economy to grow a lot faster.



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