Govt capex hits Rs 17L cr, but private funds vital for infra: CEA

India's capital expenditure has surged fourfold to over Rs 12 lakh crore, effectively Rs 17 lakh crore.

CEA Anantha Nageswaran says government budgets alone cannot meet the country's vast infrastructure financing needs.

Nageswaran stressed the need for private, 'patient capital' for future growth.