The infrastructure sector is expecting a 30% increase in allocation from last year’s full budget to Rs 13 lakh crore this year, according to Vinayak Chatterjee, founder of the Infravision Foundation. He highlighted the Union government’s consistent focus on infrastructure via pump-priming measures in a bid to drive economic expansion.
“This government has continuously followed its stance. There is no doubt about maximum allocation to infrastructure,” Chatterjee said in an interview to NDTV Profit. “Public expenditure on infrastructure is driving economic growth.”
Chatterjee expects an increasing emphasis on budgetary allocation for the railways over roads, pointing out that the gap had been getting narrower. He stressed on the need to balance the focus towards the railway sector as road connectivity had seen significant improvements over the past two-and-a-half decades.