Informative

Budget 2024: FM Proposes Rs. 11,11,111 Crore to be Invested in India’s Capital

Update / Judgement Date

23 Jul 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial ManagementInvestment BankingPSU's AND Govt. Undertakings

In the 2024 Budget, Finance Minister Nirmala Sitharaman announced a record Rs 11.11 lakh crore allocation for capital expenditure, representing 3.4% of India's GDP. This substantial investment aims to enhance infrastructure and support economic growth. The increased expenditure is designed to drive development across various sectors and improve overall economic conditions. The focus on capital expenditure reflects a strategic effort to bolster long-term economic stability and foster sustainable development.

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Budget 2024: FM Proposes Rs. 11,11,111 Crore to be Invested in India’s Capital

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