Indias 2024 Budget A Focus On Infrastructure

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India's 2024

Budget: A Focus
on Infrastructure
The 2024 budget of the Indian government has placed a
strong emphasis on infrastructure development,
recognizing its crucial role in driving economic growth and
enhancing the quality of life for citizens.

AJ
by Aadeesh Jain
Significant Investments in Infrastructure
Roads and Highways Railways Airports and Aviation

The government has Significant investments are The budget includes


allocated substantial funds being made to modernize provisions for developing
for expanding the national and expand the railway new airports and expanding
highway network and network, enhancing freight existing ones, promoting air
improving connectivity and passenger travel and boosting tourism.
across the country. transportation capabilities.
Sustained Fiscal Support
Year 1 1
Focus on expanding road and railway
infrastructure, particularly in rural
areas. 2 Year 2
Emphasis on modernization of
existing infrastructure, including
Year 3 3 airports and power grids.
Investment in digital infrastructure
and smart city projects, promoting
technological advancements. 4 Year 4
Focus on green infrastructure
initiatives, including renewable
Year 5 5 energy projects and water
Continued investment in management systems.
infrastructure across all sectors,
ensuring sustainable and inclusive
growth.
Capital Expenditure Allocation
1 Rs. 11,11,111 Crore
The government has allocated a substantial amount for capital expenditure,
demonstrating a strong commitment to infrastructure development.

2 3.40% of GDP
This significant allocation represents a substantial proportion of the country's
economic output, highlighting the importance of infrastructure.

3 Multiplier Effect
Infrastructure investments are expected to generate substantial economic activity,
creating jobs and boosting overall growth.

4 Long-Term Vision
The government's focus on infrastructure development is a testament to its long-
term vision for a robust and modern economy.
State Governments Infrastructure Investment
Alignment with Central Government Private Sector Participation
State governments are encouraged to align The government is promoting public-private
their infrastructure plans with the central partnerships (PPPs) to leverage private
government's vision, ensuring a sector expertise and capital in
coordinated approach. infrastructure development.

Focus on Rural Areas Sustainable Infrastructure


State governments are being encouraged to Emphasis on building sustainable
prioritize infrastructure development in infrastructure that minimizes environmental
rural areas, bridging the gap with urban impact and promotes resource efficiency.
regions.

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