>> forex reserve has nothing to do with infrastructure, this get accumulated when RBI buy us $ to keep the Rupee low price to help exporter.>>
Agreed we do not want Rupee to apreciate. But with a part of ths 200 Billion Dollar, we can definitely have more power plants / We can have cemented Roads, We can have more Drinking water schemes. All this will not impact Rupee / Dollar balance. It will generate more jobs. If we have jobs for every one, who cares about Arjun Singh and his reservation policy. Right now India is top contributor to US universities. Why not use this money to have these guys in India.
