According the FM, the lack of infrastructure is a structural bottleneck to growth. The increasing monetary base in advanced economies combined with extremely low yields can be leveraged to fulfill the need for channelizing long term finance in the infrastructure sector.

Jaitley lauded the Turkish Presidency's efforts for continuing to focus on investment in infrastructure and SMEs saying that creative ways must be found to channel funds into productive investments.

He also highlighted that the Indian economy is picking up after a few years of slowdown. "We had double digit inflation which has been brought down to five percent. Many legislative changes have been made to boost investment, many sectors have been opened up for investment and steps have been taken for easing business and industrial activities. Ambitious taxation reforms are on the anvil.

"We are committed to build 100 new smart cities and there is special focus on building rail, road and rural infrastructure. We believe that improvement in investment avenues and infrastructure will provide the necessary momentum for sustained high growth."
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