To accelerate the growth of railways under the NRP 2030 I am increasing the budget to INR 2 lakh crore. The focus will be on accelerating the Dedicated Freight Corridors and also increasing the pace of the Bullet Train (high speed) and Vande Bharat (semi-high speed) railway projects. (As part of a Budget special series by ETMarkets.com, we reached out to money managers seeking their perspective on Budget 2023 with a simple question: What if I were the Finance Minister of India) Amrit Kaal Vision: The foremost thing to keep in mind as the FM would be the Amrit Kaal Vision of becoming a developed country. This goal should ideally be achieved within the next 10 years, but definitely within the next 25 years, meaning during the Amrit Kaal. Power and Electricity: One of the basic requirements to electrify a fast-growing economy is Power and Electricity. To ensure the availability of ample power and with a focus on renewables, I will be increasing the budget allocation to the power sector. Renewable energy will get higher allocations. The financing will partly be via sovereign green bonds. Accelerate Growth of Railways: It wouldn’t be an exaggeration to say that the Railways […]
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