Budget stresses on massive infra investments to become USD 5 trn economy
Finance Minister Nirmala Sitharaman Friday outlined a host of measures to boost infrastructure, digital economy and jobs creation to achieve USD 5 trillion economy target and said a massive push to all forms of physical connectivity is helping bridge the rural-urban divide.
Tabling the Modi 2.0 government’s maiden budget in Parliament, Sitharaman said infrastructure financing needs have been estimated at around Rs 20 lakh crore (USD 300 billion) a year and proposed to enhance the sources of capital for infrastructure financing including setting up a Credit Guarantee Enhancement Corporation for which regulations have been notified by the Reserve Bank of India.
