Taking the road to strong growth

25% higher budgetary allocation to MoRTH augurs well for the connectivity story

The Union Budget 2023-24 underscored the central government’s focus on infrastructure development in India with a big increase in infrastructure spending.

?At Rs 12.6 lakh crore, the aggregate budgetary support for the 11* core infrastructure ministries in fiscal 2024 budget estimate (BE) was up a sharp 17% over fiscal 2023 revised estimate (RE). Almost a fifth (20%) of this outlay was allocated to the Ministry of Road Transport and Highways (MoRTH), making it one of the most well-funded infrastructure ministries, only behind railways.

?Notably, the fiscal 2024BE allocation of Rs 2.59 lakh crore towards MoRTH marked a staggering growth of 38% over fiscal 2023BE and a steep growth of 25% over fiscal 2023RE. The budgetary allocation towards the National Highways Authority of India (NHAI) for the next fiscal is also 15% higher than fiscal 2023RE and amounts to Rs 1.62 lakh crore, almost 5.5 times higher than the allocation seen in fiscal 2019BE.

The share of NHAI in MoRTH’s budgetary support stands at 63%, higher than the previous five-year average of 54%, underlining its pivotal role in the country’s highway infrastructure development in the past few fiscals. Unlock insights on infrastructure development in India.

Global BFSI sector: Time to usher in next-gen credit monitoring set-up

Regulatory persuasion and a volatile macro environment are leading banks to adopt modern, dynamic credit risk monitoring systems featuring an Early Warning System. Download the report and learn more.

India economy: India's financial conditions tighten moderately in January

Financial conditions were mildly tighter in January

Tightening of financial conditions in January was primarily driven by a fall in equities as well as large outflows by foreign portfolio investors. Learn more about the Indian financial conditions.

India BFSI sector: The ideal ESG investment strategy

Leading financial institutions that integrate ESG in their decision-making use financially material ESG data as a new lens to identify previously unpriced risks and opportunities.?Read more to understand the integration techniques.

Global institutional investing: Continental European institutions accelerate move into alternatives

Increased hiring for alternate asset managers and an expected expansion in allocations to alternatives are likely to further accelerate a shift in investment strategy and portfolio composition. Understand institutional investors plan of action in detail.

Explore More:

Our Events | Our Insights | Our Blogs | Our Podcasts | Join our Team