Budget–2011-12 : Marshals Resources for Massive Infra Build–up

Pulling out all stops and launching a slew of measures matching infrastructure to the targeted GDP growth rate, the government in its current Budget proposals fired all cylinders blasting financial bottlenecks hampering free flow of funds to the infrastructure and construction sector considered the backbone of Indian economy. In pursuit of its targets, it effected the highest ever 23% increase worth Rs.2,14,000 crore in allocation of funds for infrastructure as against Rs.1,73,552 crore allocated in the last fiscal. In totality, for the new budgetary initiatives, the government fired a barrage of bonds targeting higher investment, massive infra build up and faster project delivery mechanism triggering multiplying impact on job generation, increased income and heightened demand for goods and services, which ultimately leads to higher GDP growth, reports Jeet Singh.