Hon’ble Finance Minister Mrs. Nirmala Sitharaman has presented her maiden budget with emphasis on infrastructure investment to make India USD 5 trillion economy. India will reach USD 5 trillion economy by 2024 with accelerated development targeted in next 5 years. The budget has laid down plan to invest in building physical and social infrastructure, pollution-free India with green Mother Earth and blue skies, water, water management, clean rivers.
The government intend to invest more than Rs 100 lakh crore in infrastructure sector in next 5 years. The government has recognized the inancing problem. It is proposed to set up high level committee to look into long term financing of infrastructure sector. It is also proposed to increased bond market participation in infrastructure sector. The government is also looking to increase participation by InVit and other long term modes.
