New Delhi February 1 (EFE).On Wednesday, India reiterated its promise of vigorously developing infrastructure in the upcoming fiscal annual annual annual, and appropriation for long -term projects was 11.11 trillion Indian rupees (about $ 134 billion).
The Indian Minister of Finance Nirmala Sitharaman announced the funding in the temporary budget before the May election, an increase of more than 10%over last year.
Sitraman said to the parliament: "By fiscal 2025, infrastructure expenditure has increased to 11.11 trillion rupees." "This will be 3.4%of GDP."
The first focus of the government is to strengthen railways, highways and logistics infrastructure in this country with a population of 1.4 billion.
Sitraman has identified three new economic railway corridors to stimulate the economic center and promote the development of second -tier and third -tier cities.
She said that the government intends to build 20 million economic affordable housing for the growing middle -class family in the next five years.
The temporary budget proposed by Sitraman is part of the roadmap in the next five years. During this period, India hopes to maintain a strong growth and become the third largest economy in the world after the United States and the United Kingdom.
The Indian Minister of Finance said: "In the next five years, it will be an unprecedented development and a golden moment to realize the dream of developed India in 2047." "Our government will adopt economic policies that continue to grow, promote investment, and realize their desires."
Although the proposal is temporary and lacks specific details expected by the market and citizens, Sitraman represented Indian Prime Minister Narendra Modi government that the government guarantees important commitments aimed at promoting growth.
In view of the election year this year, analysts believe that the temporary budget is Modi for the third five consecutive five -year economic campaign declaration.The government has retained its tax policy, which is the opposite of some analysts. They predict that personal income tax may be relaxed, similar to measures before the 2019 election.
Sitraman emphasized that the government is committed to "transparent, responsible, people -oriented, rapid, trust -based administrative management", and adopts the policy of "citizen first" and "minimum government, maximum governance".
"The influence of comprehensive development can be seen in all walks of life. Macroeconomic stability, including foreign departmentsJaipur Wealth Management. Investment is strong. Economic performance is good."Jaipur Stock
Igr-SSK
Udabur Stock