Key Points
Interim Budget: India has made significant strides in improving its infrastructure capacity, with a major push from government spending..
The government has spent 23 lakh crore rupees on infrastructure in the past three years, with roads, highways, and railways receiving significant investment..
India has seen an increase in the average availability of power (in hours) across both rural and urban areas, an accelerated pace of highway and rural roads construction, increase in number of airports and domestic passenger traffic, railway line electrification and improvement in major port cargo handling capacities among other things..
While the government could still target to spend close to 11 lakh crore rupees on infrastructure in the upcoming fiscal year, it could become increasingly difficult for government spending to keep up pace with economic growth going forward...
For one, a shift in focus towards building social infrastructure including in sectors like health, education and housing remains critical in augmenting Indias potential growth and its position in the global economy both as a large consumer and a manufacturing base...
