Priority 3: Infrastructure & Investment

Investments in Infrastructure and productive capacity have a large multiplier impact on growth and employment. After the subdued period of the pandemic, private investments are growing again. The Budget takes the lead once again to ramp up the virtuous cycle of investment and job creation.

Capital Investment as Driver of Growth and Jobs

  • Capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs.10 lakh crore, which would be 3.3 per cent of GDP.
  • This will be almost three times the outlay in 2019-20.
  • This substantial increase in recent years is central ....
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Budget 2023-24