Comments
The Indian government will spend a record ₹11.11 trillion ($133.87 billion) on infrastructure creation in 2024/25, to ensure the Asian nation remains one of the world's fastest growing major economies.
The allocation for capital expenditure for the financial year starting April 1 is 11.1 per cent higher than the capex for the current fiscal year, Finance Minister Nirmala Sitharaman said on Thursday in her budget speech.
The federal government's capital expenditure as a percentage of GDP, which rose to 3.3 per cent in 2023/24, is estimated at 3.4 per cent in the next financial year.
The year-on-year increase is lower than this fiscal year's.
The government has made a provision of ₹750 billion for 50-year loans to states to boost their capital investments for the next fiscal year.
It had provided ₹1.3 trillion for such loans in this fiscal.
($1 = 82.9900 Indian rupees)
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.