Dismayed by the state of affairs, India's private sector takes matters in its own hands. Result: a record $500 billion investment in infrastructure projects will take place over the next three years.
Sounds expensive? K.V. Kamath, chief executive of ICICI Bank, explains that with an average profitability of 25 percent over the last years, many corporations will be able to fund almost 70 percent of projects with internal cash.
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