: Union Budget Speech: Capital Investment outlay increased to 33% accounts for 3.3% of GDP #FinanceIndia #StockMarketNEWS Union Budget Speech: Capital Investment outlay increased to 33% accounts for

@StockMarketNEWS Wed 08 Feb, 2023

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Union Budget Speech: Capital Investment outlay increased to 33% accounts for 3.3% of GDP #FinanceIndia #StockMarketNEWS
Union Budget Speech: Capital Investment outlay increased to 33% accounts for 3.3% of GDP New Delhi, Feb 1 (KNN) Union Finance Minister Nirmala Sitharaman on Wednesday announced a 33 per cent increase in the capital investment outlay for FY24.

The capital investment outlay is increased to Rs 10 lakh crore which is 3.3 per cent of the GDP.

She further said that investment in infrastructure has a multiplier effect on job creation and employment.

This outlay is three times more than the outlay made in 2019. 

Capital outlay for railways has been increased to Rs 2.40 lakh crore which is 9 times the outlay made in 2013.  (KNN Bureau)

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