Starting with an allocation of around Rs1.81 trillion in 2014-15, the budget share of infrastructure has reached Rs3.96 trillion in 2017-18, almost double in four years. Photo: Pradeep Gaur/MintNew Delhi: India will need Rs50 trillion in investments in roads, air, rail and inland waterways, finance minister Arun Jaitley said on Thursday, terming infrastructure development as the growth driver of the economy. Starting with an allocation of around Rs1.81 trillion in 2014-15, the budget share of infrastructure has reached Rs3.96 trillion in 2017-18, almost double in four years. The finance minister also announced the government’s new roadmap for infrastructure, which included plans to introduce seaplanes and a passenger-friendly toll policy. The finance minister allocated a capex of Rs1.48 trillion for railways—the sector’s highest ever.

Source: Mint February 01, 2018 08:29 UTC