
As if stalled projects, debt-laden developers and weak overall growth
weren't enough, these last few weeks have seen further bits of bad news descend
on Indian infrastructure. First came the news that the world's largest
India-dedicated infrastructure fund, 3i, with a corpus of around $1.2 billion,
would make no new investments in India — the value of its Indian investments
fell by around 17% in 2012-13.
"While the case for infrastructure...