MUMBAI: Prime Minister Narendra Modi said availability of surplus liquidity in the international financial markets provides India an opportunity to access funds at lower borrowing costs.
India needs funds for its infrastructure and borrowing overseas makes lot of investment economically viable, Modi said in an interview to The Economic Times newspaper. He also reiterated his Bharatiya Janata Party’s pledge to spend 100 trillion rupees ($1.4 trillion) on building roads, railways and other infrastructure over the next five years.
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