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Budget 2024 Expectations: The slow pace at which issues facing the sector are resolved does not mean that they are not pressing, say experts.
As one of the key Budget 2024 expectation, developers also want some provisions made to reduce the interest rates on project finance and that construction materials be clubbed in a lower bracket of the goods and services tax (GST).
Budget 2024: India will need to invest around Rs 880 lakh crore in infrastructure projects over the next 23 years to achieve the high growth rate required to meet its 2047 target of a developed country. The infrastructure requirements are also complex and dynamic with capital creation and destruction happening rapidly
Budget 2024 comes at an interesting time when the Indian economy is projected to grow at 7.3 percent in the current year, and future growth projections are reasonably optimistic. India is expected to continue as the fastest growing major economy of the world
The industry says the government’s focal point should shift towards green hydrogen, since it has steadfastly supported the renewable energy sector, leading to a significant expansion in installed and manufacturing capacities.