PUBLIC SPENDING: Growth Accelerator
Construction World|March 2017

With ₹396,135 crore allocated for infrastructure in FY17-18, CW reviews the spend for key sectors and the opportunities on the anvil.

PUBLIC SPENDING: Growth Accelerator

It is known – and recognised – that the Indian economy is one of the fastest growing in the world. However, for this growth to sustain, the infrastructure sector needs acceleration at a much faster pace. With this in mind, Finance Minister Arun Jaitley allocated Rs 396,135 crore for the infrastructure sector in this year’s Budget, up 10 per cent from the previous year. Out of the total outlay, Rs 241,387 crore has been set aside for transport infrastructure, paving the way for project announcements aplenty this year.

This story is from the March 2017 edition of Construction World.

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This story is from the March 2017 edition of Construction World.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.