The Big Picture: Budget Expectations - Infrastructure Sector
Infrastructure is a crucial enabler for growth. Creating new and upgrading existing infrastructure is the key to increasing India's competitiveness and achieving the target of 5 Trillion Dollar economy by 2025. Rapid changes in demography generate a compelling demand for development of a host of infrastructure facilities such as housing , water, sanitation , digital and transportation services.
Govt has so far taken a number of steps to improve infrastructure and boost the growth in this sector . A recent report by the task force for National Infrastructure Pipeline has also outlined plans to invest a substantial sum of approximately 102 Lakh crore rupees in various infrastructure projects in the next five years.
So what are the expectations of the Infrastructure Sector from Budget 2020 and what can the Finance Minister do to meet those expectations.