The detailed budget speech, one of the most comprehensive ones in recent past did have some significant positives for sectors like Infrastructure, Power, Banking and NBFC, Agriculture reiterating her focus on Affordable housing, Education and Healthcare sector.
India is set to spend USD 1.4 trillion on developing its infrastructure in the next five years, according to the Union Finance Minister Nirmala Sitharaman. The move is seen in the backdrop of the country’s ambitious goal to become a USD 5 trillion economy by 2024.
Early signs of a revival of the infrastructure sector are evident with the improvement in the financial profile of players. Although many infrastructure players are still struggling with their highly leveraged balance sheets, infrastructure companies with exposure to the airport and the highway sectors have started witnessing an improvement in their operational and financial performance.