Union Budget 2024: Will Nirmala Sitharaman prioritise infra,and energy

Union Budget 2024: The brokerage expects the government to continue spending on roads and railways, special focus on housing, renewable energy, and water infrastructure.

The NDA government is likely to continue its focus on the infrastructure in Union Budget on July 23. FM Nirmala Sitharaman may hike capex for public investment in infrastructure with specific focus on renewable energy, City Gas Distribution and water. Here’s a look at how the government is likely to promote the infrastructure sector, leading to exponential growth in the Indian economy.

Finance Minister Nirmala Sitharaman announced the Union Budget 2024-25 in the parliament on July 23. The Budget focused on provisioning for the agricultural sector, the introduction of schemes related to employment, loan schemes, announcements for financial support to the MSME sector, infrastructural development, and fiscal deficit projection at 4.9% with a commitment to reducing it down to 4.5%.