Senior BJP leader Jayant Sinha on Monday said that capital expenditure is the secret sauce for growth. He added that investing in infrastructure like railways, airports, highways, and metro lines will not only result in immediate growth but also yield productivity over the next couple of years.
The comment from the Lok Sabha MP comes amidst the Centre's increased focus on capital expenditure. The Centre has earmarked Rs 10 lakh crore for capital expenditure, FM Sitharaman announced during her Union Budget 2023 speech. This is a 33 per cent jump over the previous financial year’s Rs 7.5 lakh crore budget outlay. "You put an asset on the ground, which will be more productive over the next 50 years. That's where the huge multiplier effect of capital expenditure comes in," BJP Lok Sabha MP Jayant Sinha said at the BT Budget Roundtable. Watch here to know more-
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