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Budget 2024: Higher capex for infrastructure likely with green focus

By Economic Times - 10 months ago
The upcoming interim budget is likely to see higher capital expenditure on infrastructure, with a focus on green investment to meet the demand for earlier committed projects and offset the impact of global uncertainty. Experts expect the government to continue maximizing public expenditure on infrastructure, aiming for gross capital formation on infrastructure to be 8-9% of GDP. The Confederation of Indian Industry suggests that rationalization of subsidies, revenue augmentation, and simplification of taxes could allow the government to increase capital expenditure by 20% to ₹12 lakh crore.

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