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It's not often in a lifetime that an idea comes along which could have widespread implications for the global economy, as illustrated in the case of one very important country. The author calls for a greater role for capital markets in India's infrastructure drive. In the last several years, India's central and state governments have put forth the message to the international investment community that India's infrastructure sector is open for business. In 2007, high-level meetings between Indian and United States officials and executives have sealed investment deals with the likes of Citigroup, General Electric Co., Macquarie, and Deutsche Bank, and a few others, of nearly $16 billion.
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