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GDP growth — calling for more focused policy reforms and budgetary support.
#Budget 2024 with ET
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This budget has highlighted just that, with GoI looking to shift gears and capitalise on the economic opportunity ahead. The announcements aim to balance long-term growth on the back of infrastructure development and energy independence, with short- to mid-term priorities, including a focus on MSMEs and job creation.
Over the last couple of years, GoI has emphasised the importance of both digital and physical infra with oversized but necessary allocations to this sector. In continuation with the announcements made in the interim budget, the focus on infrastructure has been reiterated with the allocation of ?11 lakh cr — about 3.4% of GDP — to this space. Coupled with viability gap funding and access to funds from multilateral development banks (MDBs), this would help improve financing across the sector.
The budget also looks to fortify the next steps on our path to Viksit Bharat by:
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