While the government has been unstinting, particularly on public infrastructure, most observers say the private sector has been lagging, weighed down by unlisted companies
Food subsidy is provided to meet the difference between the economic cost of foodgrains procured by the government and their sales realisation at the PDS rate called central issue price (CIP) under the National Food Security Act (NFSA) and other welfare schemes.
Budget 2024 Expectations Live: The power sector received a significant financial boost in the FY24 budget, with a 58% increase in allocation to Rs 20,671 crore. Analysts predict that the power sector will continue to be a focus in the upcoming FY25 budget.
Finance Minister Nirmala Sitharaman, who will present an interim budget on Feb. 1, is likely to raise allocations for low-cost housing by more than 15% to 1 trillion rupees ($12 billion) for 2024/25 from 790 billion rupees in the 2023/24 budget, two of the government sources said.