Budget 2024: The Finance Minister has said that the country's capital expenditure for 2024-25 has been increased by 11 percent to Rs 11.11 lakh crore. Which is only 3.4 percent of the gross domestic product.
Budget 2024: Modi government has invested heavily in the country's infrastructure. Once again, Finance Minister Nirmala Sitharaman has announced big funds in the budget. The Finance Minister has said that the country's capital expenditure for 2024-25 has been increased by 11 percent to Rs 11.11 lakh crore. Which is only 3.4 percent of the gross domestic product. Let us tell you, last year the Finance Minister had committed Rs 10 lakh crore for creating infrastructure.
The Finance Minister said that the tripling of capital expenditure in the last four years has had a manifold impact on economic growth and employment generation. Indian airline companies have given the contract for 1000 new aircraft.
The goal of developed India by 2047!
Once the increase in CPEX shows that the government is trying to attract private investment. So that the goal of developed India in 2047 can be achieved. The country's infrastructure is going to prove to be very helpful in achieving the target of Rs 5 trillion economy in the coming time. Let us tell you, it was already being predicted that the government will make a big announcement regarding infrastructure.
Money is being used extensively here
The government is especially using this money on railways, ports, airports, highways etc. So that connectivity in the country can be improved than before. Let us tell you that even after the difficult times of Covid-19, the government is paying special attention towards private investment.
Presenting the strategic outline of 'Amrit Kaal', he said that by 2047, India will develop and the dreams of every countryman will come true. The Finance Minister also said that the recently announced 'India West Asia Europe Economic Corridor' will prove to be a big game changer for India. He said that the International Financial Services Center Authority (IFSCA) has created a strong medium for the flow of foreign capital.
