A giant leap to bridge Infra gaps: 10 lakh cr spend to include enhanced credit support for states, funds for critical infra upgrade

The budget unveiled one of the biggest jumps in capital spending in over a decade that includes enhanced credit support to states and focused spending for critical infrastructure upgrade. Finance minister Nirmala Sitharaman raised the proposed capital spending for FY24 by a whopping 33% to `10 lakh crore, or 3.3% of GDP.