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The government will maintain its focus on infrastructure development through increased capital expenditure, despite fiscal constraints and global economic uncertainty. Expenditure Secretary V. Vualnam dismissed concerns from states regarding the discontinuation of revenue deficit grants, emphasizing the need for states to manage their own expenditure. The Centre has enhanced funding for state-level capital investment schemes to encourage public investment-led growth.
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Chief Economic Adviser V Anantha Nageswaran states strong manufacturing is vital for the rupee's long-term strength. The recent budget includes measures to boost factory output. He emphasizes that manufacturing prowess influences currency strength more than services. Countries with robust manufacturing bases have seen their currencies retain strength over decades.
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The government aims to raise 80,000 crore through disinvestment and asset monetisation in FY27. DIPAM secretary Arunish Chawla expressed confidence in meeting this ambitious target. Plans are underway to unlock value from land assets of state-run firms by establishing dedicated real estate investment trusts. Industry feedback is also being sought for stake dilution in public sector companies.
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News and Media
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