Govt. Plans More Budget Allocation On Infrastructure

Indian Economy is growing at an annual rate of nearly ten percent presently and is considered as one among the emerging market oriented economies over the world.

To maintain this pace of economic growth rate, both social infrastructure as well as economic infrastructure is to be developed. Today India is a top destination for Investment over the Globe.
For sustaining and further attracting the Foreign Direct Investment, the infrastructure development is a must.

The Government is planning to invest more on Railways, Roadways and shipping. The budget allocation is expected to rise to Rs. 21,500 Crores on Railways, Roads and Shipping in this budget compared to Rs. 19,600 Crores in the last budget.

The top priority will be given for the development of Road projects and the shipping sector. The Shipping sector has already started many projects under the UPA Government.

The railway sector is to get more allocation of funds in the coming budget. Railway sector has already started working with a public and private partnership for bringing infrastructure related development.