India's Budget 2024: Bridging the Gap with Infrastructure and Development
India's Budget 2024: Bridging the Gap with Infrastructure and Development In the absence of a full-fledged budget due to upcoming elections, India's interim Budget 2024 has set the stage for the next fiscal year with a clear focus on infrastructure and development. Presented on February 1st, it offers a glimpse into the government's priorities while leaving the final strokes to the newly elected administration. Building Blocks for Growth: The budget prioritizes infrastructure spending, allocating a hefty ₹11.11 lakh crore, marking an 11.1% increase. This ambitious investment aims to bolster railways, roads, and urban infrastructure, acting as a catalyst for economic growth and job creation. Additionally, the continuation of Production Linked Incentive (PLI) schemes aims to ignite domestic manufacturing, particularly in strategic sectors like semiconductors and automobiles. Social Welfare and Sustainability: Recognizing the need for inclusive growth, the budget a