Infra
Infrastructure growth momentum to continue, Icra predicts robust growth with increased allocations – Infrastructure News
Icra on Friday (June 7) stated that the new government will maintain its focus on the infrastructure sector, with increased allocations for railways, roads, and water projects. The rating agency in its latest statement said that while there may be some re-prioritization among different infrastructure sub-segments to accommodate stakeholders, capital expenditure on infrastructure is expected to sustain robust growth.
“There could be some re-prioritisation between various infra sub-segments to accommodate all the stakeholders; however, the capital outlay towards infrastructure is expected to sustain the healthy growth momentum, given the overall GDP multiplier effect of infrastructure spending and consequent job creations in the unskilled and semi-skilled segment,” Icra
This is attributed to the overall GDP multiplier effect of infrastructure spending and subsequent job creation in the unskilled and semi-skilled sectors.
Modi set to take oath for third time
Narendra Modi
With the NDA securing 293 MPs