Investment in infrastructure projects with high multiplier effect has been the Centre's main plank to revive the economy, create employment and boost consumption. This will be so in 2022-23 as well.
As reported earlier, the Centre's capital expenditure in the coming year could exceed *6.5 trillion against the 2021-22 Budget estimate of*5.54 trillion.
While the Centre will take the lead through increased public investment, it would also want the private sector to boost capital expenditure (capex) and capacity.
"Private sector participation has been picking up but more needs to come in. The government, on its part, will continue creating a conducive environment for companies to invest," said a top official aware of deliberations among Budget-makers.
Finance minister Nirmala Sitharaman will present the Budget on February 1.
Another official said the government is considering amending PPP terms in favour of the private sector in order to accelerate investment in railways and civil aviation.
This story is from the January 18, 2022 edition of Business Standard.
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This story is from the January 18, 2022 edition of Business Standard.
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