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Keeping in mind the acute infrastructure deficit that has traditionally plagued the country, Finance Minister Arun Jaitley has said that he sees a ¨lot of investment¨ coming into the sector over the next few years.
¨India has an infrastructure gap, a deficit where a lot of investment is required. I see at least for the next several years, a lot of investment being attracted into India, both from within the country and outside,¨ Jaitley said in an interview to BBC World News.
¨More expenditure is going to mean more growth,¨ he added in the interaction. Predicting a 7 per cent or more growth in the country in the current fiscal, Jaitley said that given ¨a friendlier environment globally, it could be much higher¨. Adverse global circumstances impact international trade, demand and the flow of capital, he said.