ASSOCHAM: Budget to Focus on Affordable Housing, Infrastructure

22 Jul 2024 CW Team

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) expects the upcoming Union Budget to emphasise key areas including affordable housing, infrastructure development, and manufacturing growth. According to the industry body, these sectors are poised to receive significant attention and funding to drive economic progress.

ASSOCHAM's statement highlights that the focus on affordable housing is crucial for addressing the growing demand for housing among lower-income groups. By allocating more resources to this sector, the government aims to make homeownership more accessible and reduce the housing deficit.

Infrastructure development is anticipated to be another major priority. Investments in infrastructure projects, such as roads, bridges, and public transport, are seen as essential for enhancing connectivity and supporting economic activities across various regions. Improved infrastructure is expected to boost productivity and stimulate growth in other sectors.

Additionally, ASSOCHAM points out that the budget is likely to include measures to bolster the manufacturing sector. This includes incentives for businesses, support for innovation, and initiatives to enhance the overall competitiveness of Indian manufacturing.

Overall, ASSOCHAM?s expectations reflect a strategic approach to fostering economic growth through targeted investments and policy support. By addressing these critical areas, the budget aims to create a more robust and inclusive economy that benefits all sectors of society.

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