Budget 2023 recognises infrastructure as nation’s growth engine
1 year, 10 months ago

Budget 2023 recognises infrastructure as nation’s growth engine

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We welcome Budget 2023 which continues to lay focus on infrastructure development as being the growth engine of the Indian economy. The increased outlay for Railways, and attempt to prioritise the 100 critical transport infrastructure projects and regional connectivity is also quite commendable. This investment along with PM Gati Shakti launched last year to provide multimodal connectivity infrastructure to all economic zones of India would help reduce the logistics cost in India. In order to improve connectivity for the ports, coal, steel, fertiliser, and food grains sectors, the government has already selected one hundred important transport infrastructure projects. With a view to rectifying the situation, the finance minister has adhered to Prime Minister Narendra Modi’s tried-and-tested formula of increasing investment in the nation’s crucial infrastructure sector, including roads, railroads, and airports.

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