The common thread that runs through the budgets presented by the NDA government under Prime Minister Narendra Modi during the last 10 years has been a balancing act between growth and social welfare, said a top economist at Anand Rathi Shares .
Union Budget 2024: India s infrastructure development is a key priority for the government, aiming to become the world s third largest economy by 2030. The government has implemented various initiatives such as the National Infrastructure Pipeline, National Monetization Plan, and the National Investment and Infrastructure Fund to promote infrastructure development. To attract long-term investment, a tax incentive provision was introduced in the Income-tax Act, providing complete tax exemption for Pension Funds and Sovereign Wealth Funds investing in infrastructure.
Budget 2024: India will need to invest around Rs 880 lakh crore in infrastructure projects over the next 23 years to achieve the high growth rate required to meet its 2047 target of a developed country. The infrastructure requirements are also complex and dynamic with capital creation and destruction happening rapidly
REC Limited has signed four MoUs worth Rs. 16,000 crore with Dilip Buildcon Limited, GMR Power & Urban Infra, CDS Infra Projects Limited & DP Jain & Co. Infrastructure Pvt. Ltd for financing road and highway projects, according to .