Union Budget 2024-25: The Union Budget for 2024-25 underscores a significant commitment to infrastructure development. The government has allocated a record capital expenditure of ₹11,11,111 crore, which represents 3.4% of India’s GDP, marking a robust effort to enhance infrastructure over the next five years.
Union Budget 2024-25: Long-Term Interest-Free Loans
A key feature of this year’s budget is the provision of ₹1.5 lakh crore in long-term interest-free loans. These funds are aimed at supporting state governments in bolstering their infrastructure projects, ensuring a sustained push for development at the regional level.
Fiscal Commitment to Growth
The budget reflects a strong fiscal stance, aiming to stimulate economic growth through substantial investments in infrastructure. This move is expected to generate employment, improve connectivity, and support long-term economic development.
Strategic Infrastructure Planning
By focusing on infrastructure, the government aims to address critical needs in transportation, urban development, and rural connectivity. This strategic allocation of resources is intended to create a more resilient and efficient infrastructure network, supporting India’s growth trajectory.
