Union Budget 2021: infrastructure sector to get significant

Union Budget 2021: infrastructure sector to get significant push


The infrastructure sector is expected to get a significant push as it is pivotal to put the economy back on a growth trajectory.
In the last budget, the government had launched National Infrastructure Pipeline (NIP) that envisaged completing 7,300 projects valued at Rs 111 lakh crore by 2025. However, raising Rs 20 lakh crore every year for these projects will be an enormously challenging exercise.
Analysts expect finance minister Nirmala Sitharaman to announce a development finance institution (DFI) to fund infrastructure projects in segments such as housing and construction that will have high multiplier effects and a major employment generator.
The institution is expected to be created by merging some existing financial institutions to meet the long-term  needs of new, stalled, and work-in-progress projects.

Related Keywords

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