Interim Budget: Rs 11.11 lakh crore allocated for infrastructure creation

The interim budget 2024-25 has set a fresh record for infrastructure outlay by earmarking Rs 11,11,111 crore, topping the existing high of Rs 10 lakh crore allocated during fiscal 2023-24. With this, the country sets its eyes on goals of faster access-controlled highways, super-efficient ports, safer and speedier trains, with cleaner, and decongested cities.

Spelling out a portion of the infrastructure capital expenditure (capex) outlay, Finance Minister Nirmala Sitharaman said, “Economic corridor programmes for energy, mineral, port connectivity will be implemented by Railways. 40,000 normal rail bogies will be converted to Vande Bharat standards.”

Commenting on the allocation, Himanshu Chaturvedi, Chief Strategy and Growth Officer at Tata Projects said, “The capital spends during fiscal 2023-24 are broad based and not just focussed on the traditional highways and railways sectors. The surge in infrastructure investment is part of a long-term strategy to promote Indian economic growth.”


In the 2023-24 budget, Sitharaman allocated Rs 1.3 lakh crore as 50-year interest free loans to state governments for infrastructure development. This will be continued in the coming fiscal, she said.