An Overview of the ₹11 Lakh Crore Allocation for Capital Expenditure in the 2024-25 Budget
Tuesday, 23 July 2024, 09:01
Budget 2024-25 Overview
Finance Minister Nirmala Sitharaman has made a noteworthy announcement regarding the allocation of capital expenditure in the upcoming budget.
Key Highlights of the Budget
- Allocation Amount: ₹11.11 lakh crore is designated for capital expenditure.
- GDP Percentage: This allocation represents 3.4% of India’s GDP.
- Investment Focus: There is a strong emphasis on infrastructure investment.
- Private Sector Role: The budget aims to stimulate private sector financing.
Conclusion
The budget's focus on a significant capital expenditure allocation highlights the government's commitment to fostering infrastructure development and enhancing economic growth, paving the way for increased private sector participation.
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.