+
Budget 2021-22 for infra and construction: A snapshot
ECONOMY & POLICY

Budget 2021-22 for infra and construction: A snapshot

Union Budget 2021-22 highlighted infrastructure and healthcare as the biggest gainers. An "infra-nirbhar” budget aims at indigenous manufacture of infrastructure equipment and products.

The finance minister focused this year’s budget to infrastructure development which received the much-needed impetus. The government allocated 34.5% more than last year to infrastructure development giving emphasis to roads and highways, railways, urban infrastructure, power, port, shipping, and airways.

Here is a graphical snapshot of Union Budget 2021-22 for infrastructure and construction:

The Finance Minister stated six pillars that are the premise for the various Budget outlays in 2021-22:

1. Physical and financial capital, and infrastructure
2. Health and well-being
3. Inclusive development
4. Innovation and R&D
5. Reinvigorating human capital
6. Minimum Government and Maximum Governance

Healthcare infrastructure received a record outlay of Rs 64,100 crore, including an allocation for new schemes such as PM Atmanirbhar Swasth Bharat Yojana and Urban Jal Jeevan Mission.

The National Infrastructure Pipeline, which was launched with 6,835 projects, has now expanded to 7,400 projects, with 217 projects worth Rs 1.10 trillion completed.

Jal Jeevan Urban Mission, with an outlay of Rs 2.87 lakh crore to be launched. Tap connection to 2.86 crore houses and universal water supply for 4,378 local bodies has been promised.

Three new dedicated freight corridors—East-Coast Corridor, East-West Sub Corridor and North-South Corridor—are expected to see investments of about Rs 2.17 lakh crore.

New economic corridors will see a total outlay of Rs 5.35 lakh crore, with an overwhelming emphasis on states that are heading into elections this year—Assam, Kerala, Tamil Nadu and West Bengal.

Asset monetisation plan for public infrastructure which will help the government raise revenue. A National Monetisation Pipeline for potential brownfield infrastructure assets will be launched.

Also Read:
Infra budget sought, infra budget granted
Govt reveals core sector growth rates
Industry reacts to Budget 2021-22
What the Budget holds for us: A webinar

Union Budget 2021-22 highlighted infrastructure and healthcare as the biggest gainers. An infra-nirbhar” budget aims at indigenous manufacture of infrastructure equipment and products. The finance minister focused this year’s budget to infrastructure development which received the much-needed impetus. The government allocated 34.5% more than last year to infrastructure development giving emphasis to roads and highways, railways, urban infrastructure, power, port, shipping, and airways. Here is a graphical snapshot of Union Budget 2021-22 for infrastructure and construction: The Finance Minister stated six pillars that are the premise for the various Budget outlays in 2021-22: 1. Physical and financial capital, and infrastructure 2. Health and well-being 3. Inclusive development 4. Innovation and R&D 5. Reinvigorating human capital 6. Minimum Government and Maximum Governance Healthcare infrastructure received a record outlay of Rs 64,100 crore, including an allocation for new schemes such as PM Atmanirbhar Swasth Bharat Yojana and Urban Jal Jeevan Mission. The National Infrastructure Pipeline, which was launched with 6,835 projects, has now expanded to 7,400 projects, with 217 projects worth Rs 1.10 trillion completed. Jal Jeevan Urban Mission, with an outlay of Rs 2.87 lakh crore to be launched. Tap connection to 2.86 crore houses and universal water supply for 4,378 local bodies has been promised. Three new dedicated freight corridors—East-Coast Corridor, East-West Sub Corridor and North-South Corridor—are expected to see investments of about Rs 2.17 lakh crore. New economic corridors will see a total outlay of Rs 5.35 lakh crore, with an overwhelming emphasis on states that are heading into elections this year—Assam, Kerala, Tamil Nadu and West Bengal. Asset monetisation plan for public infrastructure which will help the government raise revenue. A National Monetisation Pipeline for potential brownfield infrastructure assets will be launched. Also Read: Infra budget sought, infra budget granted Govt reveals core sector growth rates Industry reacts to Budget 2021-22 What the Budget holds for us: A webinar

Next Story
Real Estate

Rs 24.4 Trillion Worth Of Plots Launched Since 2022

Housing plots worth Rs 24.4 trillion have been launched across India’s top tier-I and tier-II cities between January 2022 and May 2025, driven by post-Covid demand for customisable living spaces, according to data from real estate analytics firm PropEquity.During this period, developers rolled out approximately 470,000 residential plots across ten cities—Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur, and Surat.Samir Jasuja, Founder and CEO of PropEquity, stated that the increasing popularity of residential plots stems from their liquidity and stronger ap..

Next Story
Infrastructure Urban

Wyndham, Cygnett To Add 60 Hotels Across South Asia

Wyndham Hotels & Resorts has entered into a strategic alliance with Indian hospitality group Cygnett Hotels & Resorts to significantly expand its presence across South Asia. The collaboration will bring Wyndham’s La Quinta and Registry Collection Hotels brands to India, with plans to develop over 60 hotels across India, Bangladesh, Sri Lanka, and Nepal in the next ten years.This move seeks to capitalise on the growth of India’s travel and tourism industry, fuelled by infrastructure investments, a growing middle class, and rising domestic and international tourism.Dimitris M..

Next Story
Infrastructure Urban

Marengo Asia To Invest Rs 1.5 Billion In West India Expansion

Marengo Asia Healthcare, a prominent multi-specialty hospital platform backed by marquee investors including Samara Capital, Havells Family Office, and the Godrej Family Office, has announced a strategic investment of Rs 1.5 billion to expand its presence into Maharashtra and Rajasthan. The move is part of the group’s wider vision to build a pan-India network by strengthening its operations across northern and western India.Currently operating around 1,500 beds across four hospitals in Delhi NCR and Gujarat, Marengo plans to double its bed capacity to 3,000 within the next 12 months. This wi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?