Budget took dramatic bet on capex while continuing path of fiscal consolidation: NITI Aayog VC

Finance Minister Nirmala Sitharaman in her fifth straight budget has raised the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24, and announced a lower fiscal deficit target of 5.9 per cent for FY24 while retaining it at 6.4 per cent for the current financial year.

Budget took dramatic bet on capex while continuing path of fiscal consolidation: NITI Aayog VC
Finance Minister Nirmala Sitharaman in her fifth straight budget has raised the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24, and announced a lower fiscal deficit target of 5.9 per cent for FY24 while retaining it at 6.4 per cent for the current financial year.