next step should be import of Capital goods with this weak USD. Why India is failing to do that !!! Instead India is happily building its reserves and counting the low interest rate on its US Bonds !!!
It has been more than 3 , since Montek singh mooted the idea of utilising a very smallpart our FE reserves to support India Infrastructure needs.
It will take 10years for nuclear power plants, till than we can invest in Gas based power plants. Finally we need electricity at competitive rates.
