+
Union Budget Boosts Infrastructure with Structural Reforms
ECONOMY & POLICY

Union Budget Boosts Infrastructure with Structural Reforms

The Union Budget for the fiscal year has underscored a significant push towards infrastructure development, accompanied by structural reforms aimed at revitalising India's economic landscape. The budgetary allocations focus on enhancing connectivity, modernising urban infrastructure, and promoting sustainable growth across various sectors.

Key highlights include substantial investments in transportation networks, such as roads, railways, and metro projects, aimed at improving connectivity and reducing travel times. The budget also allocates funds for the development of smart cities and urban rejuvenation projects, emphasising the government's commitment to enhancing living standards and promoting inclusive growth.

Structural reforms in the budget encompass policy initiatives to streamline project approvals, facilitate private sector investments in infrastructure, and foster innovation in construction and development sectors. These reforms are designed to create a conducive environment for robust economic growth and job creation, leveraging infrastructure as a key driver of economic revival.

The budgetary provisions reflect a strategic approach to infrastructure development, aligning with the government's long-term vision to build a resilient and self-reliant economy. It emphasises the role of infrastructure in boosting productivity, attracting investments, and catalysing overall economic recovery post-pandemic.

The Union Budget's focus on infrastructure and structural reforms is expected to stimulate economic activities, generate employment opportunities, and foster sustainable development across the country. It signals a proactive stance towards infrastructure-led growth, aiming to address infrastructural gaps and propel India towards becoming a global economic powerhouse.

The Union Budget for the fiscal year has underscored a significant push towards infrastructure development, accompanied by structural reforms aimed at revitalising India's economic landscape. The budgetary allocations focus on enhancing connectivity, modernising urban infrastructure, and promoting sustainable growth across various sectors. Key highlights include substantial investments in transportation networks, such as roads, railways, and metro projects, aimed at improving connectivity and reducing travel times. The budget also allocates funds for the development of smart cities and urban rejuvenation projects, emphasising the government's commitment to enhancing living standards and promoting inclusive growth. Structural reforms in the budget encompass policy initiatives to streamline project approvals, facilitate private sector investments in infrastructure, and foster innovation in construction and development sectors. These reforms are designed to create a conducive environment for robust economic growth and job creation, leveraging infrastructure as a key driver of economic revival. The budgetary provisions reflect a strategic approach to infrastructure development, aligning with the government's long-term vision to build a resilient and self-reliant economy. It emphasises the role of infrastructure in boosting productivity, attracting investments, and catalysing overall economic recovery post-pandemic. The Union Budget's focus on infrastructure and structural reforms is expected to stimulate economic activities, generate employment opportunities, and foster sustainable development across the country. It signals a proactive stance towards infrastructure-led growth, aiming to address infrastructural gaps and propel India towards becoming a global economic powerhouse.

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?