1 year, 10 months ago
Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways
The HinduThe Union Budget has proposed a record budgetary allocation of ₹2.40 lakh crore for the Indian Railways on February 1. Overall, the government proposed to increase capital expenditure outlay by 33% to ₹10 lakh crore in 2023-24, which would be 3.3% of the GDP, said Ms. Sitharaman. With the substantial increase, it is central to government’s efforts to enhance growth potential and job creation, the crowd in private investments and provides a cushion against global headwinds,” she said in her Budget speech. The Railways was allocated ₹1.4 lakh crore in the Union Budget for 2022-23, of which ₹1.37 lakh crore was earmarked for capital expenditure and ₹3,267 lakh crore for revenue expenditure.
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