Budget 2024: How Modi government’s unprecedented capex push in last year’s budget has helped

Finance Minister Nirmala Sitharaman will present the Interim Budget 2024 on February 1, 2024. The previous Budget included a substantial capital expenditure initiative to stimulate economic growth, with an allocation exceeding 3% of GDP. This capex push has fostered growth and attracted private sector investment. Analysts have identified it as a catalyst for India's economic growth. The Gross Fixed Capital Formation (GFCF) to GDP ratio has increased, positioning India to be less affected by a potential global slowdown.

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