Finance Minister Nirmala Sitharaman has announced a significant increase in the capital investment outlay in her budget speech. The capital investment outlay is being increased by 33% to INR 1,000B, which is equivalent to 3.3% of the country’s Gross Domestic Product (GDP).
This increase in capital investment is expected to boost economic growth and development by providing funding for important infrastructure projects and supporting the growth of businesses and industries. The increased investment will also help to create jobs and improve the standard of living for people in India.
By prioritizing capital investment, the government is demonstrating its commitment to supporting the country’s economic growth and development, and creating a more prosperous future for all Indians.