Budget 2023 to increase capex for infra projects for growth: Experts

From giving a boost to capex spending for the infrastructure sector to focusing on urban development schemes, here are the expectations of the experts for infrastructure sector from Union Budget 2023

Union Budget 2023 will increase capital expenditure for infrastructure by 25-30 per cent as it spends on highways, railways, and digital infrastructure, experts have said.

The government’s infrastructure focus will continue, as such spending has a multiplier effect on overall economic growth. FY24 budgetary allocation for roads and highways is likely to increase by 12-15 per cent and for railways, it will rise by 30 per cent, said Mehul Pandya, managing director and chief executive officer of CareEdge (CEO), a rating and advisory group.

The last Budget focused on high-impact areas and increased capex outlay by 35.4 per cent (from