InvestorQ : Can you share some of the key macro highlights of the Union Budget and were there some big macroeconomic announcements made?
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Can you share some of the key macro highlights of the Union Budget and were there some big macroeconomic announcements made?

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1 year ago
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Here are some of the major macro announcements made and many of them sound quite ambitious. Here is an overview.

· Government has reiterated its commitment to the National infra pipeline of Rs 106 lakh crore to bring India to East Asian standards in terms of infrastructure.

· National logistics policy will be released soon and that was long needed. Logistics policy will attempt to create single-window e-logistics market.

· Delhi-Mumbai Expressway likely to be completed by 2023. In addition, the budget has also promised to monetise 12 lots of highway bundles by 2024.

· Four railway station redevelopment projects will be undertake through the PPP mode. Budget has also promised to provide 20% equity, external assistance for metro projects.

· Budget has also made a commitment of Rs.22,000 crore for power, renewable energy in FY21. It will also expand national gas grid to 27,000 km from 16,200 km.

· Budget has also expressed its intent to enable private sector to build data-centre parks on the lines of STPs with the bet that data could be the new oil.

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