With a vision to make India a $5 trillion economy, the Modi government in New Delhi presented its maiden budget focusing on investing massively on building infrastructure to support India’s long-term growth.
The government intends to invest more than Rs 100 lakh crore in the infrastructure sector in the next 5 years. This will contribute to the nation’s economic growth and bring positive sentiment to the construction and the real estate industry. Though India is far ahead of many emerging economies, the government is leaving no stone unturned to boost the economy via investments mainly in infrastructure, which will have a multiplier benefit and also create jobs at various levels, bringing about improved productivity.
The Rs 100 lakh crore investments in infrastructure over the next five years is reflective of the importance placed on the GDP, nation-building, employment along with a special emphasis on building last-mile connectivity by the government. Read More
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