Business
FM Sitharaman
Union Finance Minister Nirmala Sitharaman on Wednesday (1 February) presented the Budget 2023-24 in the Parliament.
During her Budget speech, the Finance Minister announced that the government will increase the capital investment outlay by 33 per cent to Rs 10 lakh crore.
"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," Sitharaman said.
"The Budget takes the lead once again to ramp up the virtuous cycle of investment and job creation.... the 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," she added.
The minister added that the outlay announced will be "almost three times of the outlay made in 2019-20".
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest