Union Budget 2024: How Modi 3.0 may double down on urban development amid Viksit Bharat ambitions

economictimes.indiatimes.com:

budget, global markets are buzzing with anticipation. Stakeholders in the urban development sector are especially hopeful for policy reforms and fiscal support from the Central Government under Modi 3.0. Following an 11% increase in infrastructure capital allocation in the interim budget, significant advancements in urban development are expected.

With India’s urban population projected to reach 600 million by 2030, the demand for quality infrastructure and basic amenities in cities is soaring. The focus on urban development in India is anticipated to continue, with initiatives aimed at enhancing infrastructure and the quality of life in urban areas. The Government of India has been actively emphasising the enhancement of infrastructure, housing, and technology integration to boost overall urban living standards.

Accordingly, there are several key expectations of the industry stakeholders related to the advancements in the urban development sector in India from the upcoming Budget 2024, which may be summarised as below -

Budget expectations for infrastructure

Modi government to focus on jobs, incomes in first budget after election setback

FM Sitharaman considering cuts to personal tax rates?

Budget 2024: All eyes on defence allocation amid raging debate over Agnipath

Congress has a message for Modi: Use budget to achieve 'Asli 400 paar'

Infrastructure development is a cornerstone of Modi’s urban agenda, with ongoing investments in roads, public transportation, and utilities crucial for supporting urban growth