Budget 2020: Has government provided enough fillip to infrastructure sector?

Infrastructure is one of the largest sectors in the Indian economy and the fillip that is provided by the union budget 2020 was much expected, but was it too little compared to the hopes?

Budget 2020 fell short of expectations from the allocation itself. For the transport sector, the Modi government announced an allocation of Rs 1.7 lakh crore and that compares to Rs 1.56 lakh crore done last year, which is a growth of just 9 percent. The expectation was double-digit growth in terms of allocation.

Even for the power sector, the allocation has remained flat year-on-year (YoY) and for Indian Railways, the growth is just 3 percent. The government has proposed Rs 5,753 crore outlay for new and renewable energy ministry for 2020-21 as against Rs 3,891.74 crore revised estimate for 2019-20. The budget estimate was Rs 5,254.83 crore.