Budget 2024: Capital Expenditure Outlay Increased by 111% to Rs 40,000 Crore
Key Highlights of the Union Budget 2024-25
Increased Capital Expenditure
In a significant move, the government has announced an 111% increase in the capital expenditure outlay for FY 2024-25. The outlay has been increased to Rs 40,000 crore, reflecting the government's commitment to infrastructure development and economic growth.
Conversion of Normal Rail Bogies
The government has also announced that 40,000 normal rail bogies will be converted to higher-capacity bogies. This measure is expected to improve the efficiency of the railway system and increase the carrying capacity.
First Major Economic Document of Modi's Third Term
This budget is the first major economic document of Prime Minister Narendra Modi's third term. It is expected to provide insights into the government's economic priorities and direction for the coming year.
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