Increase in capex outlay will enhance infra development
Capex has emerged as a key growth driver in India: Morgan Stanley
Mumbai, Feb 01: The increase in capex outlay by 11.1 per cent will further enhance the pace of infrastructure development and create more job opportunities providing a fillip to India’s growth trajectory.
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance says, “The corpus of one lakh crore to scale up research in sunrise sectors will accelerate research and innovation.”
Affirmative steps taken towards building a strong renewable energy backbone for India will reduce dependence on fossil fuels, which is a welcome move, he said.
The initiatives expanding and strengthening the EV ecosystem by supporting manufacturing and charging infrastructure will further encourage faster adoption of electric vehicles leading to a Greener India.