8 months, 2 weeks ago

Infrastructure | A sustained thrust

In previous terms, the Narendra Modi government focused on building infrastructure to improve connectivity, reduce logistics costs and enhance India’s business environment. At Rs 11.11 lakh crore, the estimated capital expenditure is still some 3.4 per cent of the GDP. But it’s a modest 11 per cent increase from last budget’s Rs 10 lakh crore. Then, finance minister Nirmala Sitharaman had steeply increased the capital investment outlay by 33 per cent to Rs 10 lakh crore—3.3 per cent of the GDP.

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