HIGHLIGHTS-India unveils budget aimed at boosting country's infrastructure


Reuters | Updated: 05-07-2019 12:16 IST | Created: 05-07-2019 11:30 IST
HIGHLIGHTS-India unveils budget aimed at boosting country's infrastructure
Finance and Corporate Affairs Minister Nirmala Sitharaman presenting Union Budget 2019-20 in the Lok Sabha on Friday. Image Credit: ANI
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India on Friday unveiled a budget aimed at boosting infrastructure in several sectors, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi returned for a second term in power. Here are the highlights of Finance Minister Nirmala Sitharaman's budget for the 2019/20 fiscal year beginning April 1:

* India will become a $3trn economy in the current fiscal year, and a $5trn economy in the next few years * India to invest heavily in infrastructure and job creation

* The government will carry out a restructuring of highway building programme to ensure enough capacity is created * Railway infrastructure will need an investment of $72bln between 2018 and 2030

* India will enter into aircraft financing and leasing activities

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