Key role of islamic finance in funding india's infrastructure gap

Infrastructure is the backbone or one can term it as the lifeline of any developing country's growth. Due to its huge demand and enormous size, financing infrastructure projects is quite a bit task. What makes this task even harder is the current jittery state of the world's lending markets. This subject is peculiarly relevant in India, which is brawling to progress with the Increasing infrastructure needs of the state's burgeoning population in the midst of robust economic growth. According to Finance minister, India has an infrastructure deficit that could take nearly two decades to bridge. With the prognosis of world lending markets still under some uncertainty, partly the answer for India might be to search options other than conventional or traditional modes of financing. Islamic finance can play that vital role.