Is Japan’s bullet train loan the best deal India has ever had?
Japan's loan at 0.1% interest rate for the bullet train is not extraordinary, viewed in light of Japan's low 0.05% interest rates and domestic economic conditions
Mumbai: Prime Minister Narendra Modi highlighted the fact that Japan had offered India a 50-year loan at just 0.1% interest to fund the Ahmedabad-Mumbai bullet train link when he inaugurated the project with his Japanese counterpart Shinzo Abe in the Gujarat city earlier this month.
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