Govt consistently increased capex for infra development: MoS Finance

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Govt consistently increased capex for infra development: MoS Finance - Business Standard

Quick Summary:

The Modi government has consistently increased its expenditure towards infrastructure building over the last 5 years and aims to achieve the Rs 11.11 lakh crore capex target set for the current fiscal, Minister of State for Finance Pankaj Chaudhary said on Friday.

He further said that keeping in mind the goal set by Prime Minister Narendra Modi to make India a developed nation by 2047, the government has been making budget allocations and will continue to do so in the upcoming Budget for 2025-26.

The government's capital expenditure increased from over Rs 5 lakh crore in 2021-22 to Rs 11.11 lakh crore in 2024-25.