Government seeks long-term funds to boost infrastructure work

The Indian government is seeking long-term funds to boost infrastructure work. This move aims to address a funding shortfall caused by rapidly decreasing long-term liabilities. The government's concern is that crucial infrastructure projects, which require decades of support, are at risk due to a lack of long-term funding. If successful, the proposed insurance and pension products, along with tax incentives for long-term savings, could provide a much-needed boost to India's infrastructure development.

Why it matters

India is facing a funding shortfall for its infrastructure projects. The government is looking for long-term funds to address this issue.

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