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India Plans $1.5 Trillion Infrastructure Spending to Spur Growth

India outlined the contours of a $1.5 trillion plan to build infrastructure over the next five years to shore up economic growth.

The program will include existing projects in the energy, road and railway sectors in the pipeline, Finance Minister Nirmala Sitharaman told reporters Tuesday. Private companies will account for 22%-25% of the investments, with the federal government and states contributing the rest, she said.