Budget 2024: Placing thrust on infrastructure
8 months, 1 week ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s stunning revival from COVID and its emergence as the world’s fastest-growing major economy is partially attributed to an infrastructure revival spurred by government spending in the past few years. India’s answer to the COVID-induced slowdown was to step on the gas on infrastructure and Tuesday’s budget shows that the government is keen to expand and build upon the progress achieved.

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