This will mark her eighth budget, and it is expected to prioritise rural development, particularly in road infrastructure, based on exclusive insights obtained by CNBC Awaaz.
PM Gram Sadak Yojana may receive increased allocation
The Pradhan Mantri Gram Sadak Yojana (PMGSY) is likely to see a 10% increase in its allocation under this budget. The emphasis will be on constructing all-weather roads in villages. The government aims to enhance connectivity by linking villages with populations of 500 or more in plains and 250 or more in hilly areas to the road network.
Road Transport budget to hit ₹2.9 lakh crore
Exclusive reports suggest that the total budget for the Ministry of Road Transport may also see a 10-12% hike this year. As a result, the allocation for road transport is expected to rise to approximately ₹2.9 lakh crore.
Boost to green technology and road safety
Green technology in road construction is likely to receive a significant boost. Additionally, special funds for road safety may be introduced, focusing on addressing accident-prone blackspots across the country.
Economic policy roadmap
The Union Budget serves as the blueprint for the country’s economic policies for the upcoming financial year. Once the Finance Minister concludes her budget speech in Parliament, the official Union Budget documents will be made available on the government’s website.
These documents provide a detailed breakdown of the budget and present a comprehensive overview of the Indian economy.
