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Govt consistently increased capex for infra development: MoS Finance

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The Modi government has consistently increased its expenditure towards infrastructure building over the last 5 years and aims to achieve the Rs 11.11 lakh crore capex target set for the current fiscal,
The article from Business Standard discusses statements made by Pankaj Chaudhary, the Minister of State for Finance, regarding the Indian government's commitment to infrastructure development. He highlighted that the government has consistently increased capital expenditure (capex) to boost infrastructure, with a significant rise from Rs 3.4 lakh crore in FY20 to Rs 10 lakh crore in FY24. This increase aims to enhance economic growth, create jobs, and improve the quality of life. The minister also mentioned that the government has introduced measures like the PM GatiShakti National Master Plan and the National Infrastructure Pipeline to streamline infrastructure projects. Additionally, he noted that the government has been focusing on asset monetization and improving the efficiency of public sector enterprises to fund infrastructure without adding to the fiscal deficit.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/india-news/govt-consistently-increased-capex-for-infra-development-mos-finance-124121300580_1.html ]