24 February 2016, 07:20 GMT
NEW DELHI (Sputnik) — According to the minister, many infrastructure projects implemented within the frames of public-private partnership are idle.
"We know that we need more than trillion dollars worth of infrastructure in India over the next few years. And the rate at which we investing in infrastructure right now is well below what is required on annual basis," the official said at the Advancing Asia conference in New Delhi.
The Indian government has also set some "very ambitious fiscal consolidation targets of bringing down fiscal deficit down to 3.5 percent in the coming financial year," Sinha said.
India's New Delhi is hosting the Advancing Asia: Investing for the Future conference on March 11-13 organized by the International Monetary Fund and the government of India.
