India plans increased infrastructure spending

摘要

India's infrastructure investment is projected by the government to grow by 43pc in the 2020-21 fiscal year starting 1 April, which should support steel demand and lift prices. Infrastructure spending by central, state governments and the private sector is forecast to total around 19.5 trillion rupees ($272bn) in 2020-21 compared with estimated spending of Rs13.63 trillion in 2019-20. Delhi has projected total infrastructure spending of $1.4 trillion from 2019-20 to 2024-25.