Budget 2019 on infra

In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman announced a capital expenditure budget of Rs 11.1 lakh crore, aligned with previous allocations, emphasizing a decentralized approach to infrastructure investment. This shift, criticized by infrastructure experts, suggests a reduced emphasis on large-scale projects in favor of state and private sector involvement. Responses from Bihar's industry leaders were largely positive, with specific praise for allocations towards infrastructure, agriculture, and skill development, which they believe will enhance the state's economy. Additionally, Sitharaman proposed the development of Digital Public Infrastructure (DPI) applications across various sectors, aimed at boosting productivity and innovation. These initiatives are part of a broader strategy to enhance public services and have already seen international interest with agreements to share India's digital frameworks. However, the budget did not detail major new infrastructure projects, signaling a strategic pivot in government investment philosophy.