Infrastructural Development in India News

"Once the feasibility study is examined, we will again take a decision on that," the minister said, after initially ducking questions on the bullet train issue.

The growth rate of core sector industries has been declining since November last year. It was 6.7 percent in November 2014, which fell to 2.4 percent in December 2014 and then to 1.8 percent in January and 1.4 percent in February.

Macdonald said infrastructure tops the growth agenda for Prime Minister Narendra Modi and the Group remains "very optimistic for the next five years".

"The detailed guidelines of the project, aiming at recasting the urban landscape, is likely to be notified next week after its finalisation," a senior ministry official said.