23
Jul
11:44
Indian budget: infrastructure spending unchanged, stainless receives relief
India’s new coalition government formed in June has announced its budget for the fiscal year ending March 2025.
The budget maintains the capital expenditure target at INR 11.1 lakh crore ($132.7 billion), as set in the interim budget in February. This capex target represents over 3% of GDP, notes Kallanish.
Additionally, the government will provide INR 1.5 lakh crore ($18 billion) in interest-free loans to states to support infrastructure projects.
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