Infrastructure push

The ambition will need policy support

The Union government has increased capital expenditure significantly in recent years. The expenditure has partly been driven by the need to support the economy in the aftermath of the pandemic-induced disruption. The increased capital expenditure is also aimed at plugging the gap in India’s infrastructure and logistics sector, which increases the cost of doing business and affects the overall competitiveness of Indian firms. Taking the theme forward, Prime Minister Narendra Modi unveiled the blueprint for India’s maritime economy at the Global Maritime India Summit on Tuesday. He also inaugurated projects worth over Rs 23,000 crore in the maritime sector. The