The Union government has given yet another boost to central capital expenditure by raising the allocation on developing infrastructure projects to ₹11.11 trillion for the year starting 1 April, building on increases in recent years to spur economic growth.
The government has stepped up its capex budget in recent years to improve India’s creaking infrastructure, create jobs and accelerate economic growth. In the budget presented on Thursday, it set out ₹11.11 trillion to develop infrastructure in FY25, marking a 11.1% jump from the previous year’s capex of ₹10 trillion.
The capex had grown by 37% in the current year, with growth rates of 24% in FY23 and 40% in FY22. With another hike, it is expected that government would continue to support the infrastructure growth story while expecting private investment to scale up and help realize ambitious Vision 2047 goals.
Diese Geschichte stammt aus der February 02, 2024-Ausgabe von Mint Mumbai.
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