- Interim Budget 2014: FM P. Chidambaram may succeed in reining in fiscal deficitMost US companies view India as massive opportunity: America IncFM P. Chidambaram's Budget 2014 puts economic growth rate in India at 5.2 pctIndia to push for International Monetary Fund quota reforms at G20
development, a group of businessmen from G20 nations has decided to explore funding opportunities in infrastructure in different countries, including India, that require a whopping USD 57 trillion through 2030.
In a statement, infrastructure and investment task force of B20 - a grouping of business leaders of G20 nations - said its focus in 2014 will be on making recommendations to the G20 to help direct flow of capital and capability to infrastructure projects across the globe.
G20 nations comprise rich and developing countries, including India.
"It is estimated that at least USD 57 trillion will be needed to finance infrastructure projects worldwide through 2030," the B20 said.
The B20 engages with G20 governments on behalf of the international business community. In 2014, the B20 would focus on developing actionable recommendations that would drive global economic growth and create jobs.
The annual global infrastructure investment deficit has been estimated at US 1 trillion which could result in lost economic growth of USD 3 trillion each year.