Government's Capital Expenditure Plan for 2024-25: Major Focus on Infrastructure Development

Tuesday, 23 July 2024, 12:11

The Indian government has announced a capital expenditure allocation of Rs 11.11 lakh crore for the 2024-25 fiscal year. This figure remains at 3.4% of GDP and marks an 11% increase from the previous year. Nearly 50% of this budget is earmarked for infrastructure, specifically roads and railways, highlighting a strong commitment to improving transportation networks across the country. This continued focus reflects ongoing efforts to stimulate economic growth and enhance public infrastructure.
Theprint
Government's Capital Expenditure Plan for 2024-25: Major Focus on Infrastructure Development

Government's Capital Expenditure Allocation

The Indian government has unveiled its budget for capital expenditure (capex) for the fiscal year 2024-25, allocating a total of Rs 11.11 lakh crore. This significant outlay aligns with the government’s long-term strategy to bolster economic growth through infrastructure investment.

Budget Highlights

The allocation of Rs 11.11 lakh crore constitutes 3.4% of the nation’s GDP and represents an 11% increase compared to the Rs 10 lakh crore allocated last year.

  • Nearly 50% of the budget is dedicated to roads and railways.
  • This focus aims to enhance transportation infrastructure.
  • The capex budget plan remains unchanged from the interim budget announced in February.

Conclusion

With this focused investment, the government is poised to significantly impact infrastructure development, speeding up progress across the transportation sector and contributing to overall economic growth.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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