FM Nirmala Sitharaman has announced a significant 11.1% increase in the capital expenditure (capex) outlay for the fiscal year 2024-25 during the Interim Budget 2024 announcement. Notably, this move is seen as a strategic move to propel economic growth and fortify infrastructure development.
Meanwhile, the robust allocation of Rs. 11.11 trillion, unveiled in the interim budget, builds upon the government’s consistent efforts in recent years to boost infrastructure, create employment, and stimulate economic progress.
Budget Boosts Capex to Rs. 11.11 Trillion
The Interim Budget 2024 brings a substantial rise in capital expenditure, with Finance Minister Nirmala Sitharaman revealing a whopping Rs. 11.1 trillion allocation for infrastructure development. This marks an 11.1% surge from the previous fiscal year’s Rs. 10 trillion allocation.
Meanwhile, global financial market watchers were eagerly waiting for the India Budget 2024, for cues on the upcoming plans in India’s economic land
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