ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

India pumps up infrastructure spending in last full pre-election budget

Modi government to hike capital outlays to $122bn next fiscal year

Commuters travel in an overcrowded train on the outskirts of New Delhi on Feb. 1. India's budget calls for a significant increase in infrastructure spending.    © Reuters

NEW DELHI -- Indian Prime Minister Narendra Modi's government on Wednesday announced a major boost for infrastructure spending in its last full budget before the 2024 general election, aiming to provide a "strong impetus" for job creation and strengthen macroeconomic stability amid a global slowdown.

"The budget takes the lead once again to ramp up the virtuous cycle of investment and job creation," Finance Minister Nirmala Sitharaman said in a speech in parliament as she presented the blueprint for the fiscal year starting in April.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more