Post Budget Reaction :The Union Budget 2023-24 commits to green growth while focusing on augmentation and enhancing urban infrastructure Says Mr. Ramesh Nair, Colliers
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Below are Views On Post Budget Reaction By Mr . Ramesh Nair, CEO, India and Market Development, Asia, Colliers
"The Union Budget 2023-24 commits to green growth while focusing on augmentation and enhancing urban infrastructure, technology, and inclusive development. At the same time, the budget throws open the doors for increased consumption and capital investment, to drive growth. The capital outlay for infrastructure at INR10 lakh crore, or 3.3% of GDP is significant as it can lead to multiple effects across sectors and set a strong footing for resilient growth. This includes aspects such as the urban infrastructure development fund at INR10,000 crore per annum. A dedicated investment of INR 10,000 cr through the urban infra development fund will result in the creation of quality urban infrastructure thereby improving quality of life. This will also translate into higher demand for housing and commercial real estate.
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