As a part of Interim Budget 2024, Finance Minister Nirmala Sitharaman is expected to announce a series of measures aimed at boosting consumption, implementing reform policies for a fair playing field among manufacturers, strategically allocating funds for infrastructure development, and focusing on agriculture.
FCCI said the capital expenditure outlay in the last Union Budget 2023-24 was increased by 37.4 per cent to Rs 10 lakh crore. Further, latest GDP release reported encouraging data on capital formation.
It was reported that India is at an important inflection point and given the current global developments and associated headwinds, the government should continue to lay major thrust on public capex ( on physical, social and digital infrastructure ) in the forthcoming budget.
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