Budget 2024 | Road sector budget sees a nominal hike of 2.7%
The Hindu
This year's budget for the road sector in India saw a minimal 2.7% increase compared to previous years.
After a massive jump in allocation every consecutive year in the recent past, this year’s budgetary allocation for the road sector saw a measly 2.7% increase.
The Interim Budget set aside ₹2,78,000 crore for the Ministry of Road Transport and Highways as compared to the ₹2,70,434 crore in the budget estimate for this fiscal. When compared to the revised estimate of ₹2,76,351 crore, the allocation is a hike of a mere 0.5%.
Of the total budgetary grant, ₹1,68,464 is for investment in NHAI for the development of national highway corridors under Bharat Mala Pariyojana.
Last year, the budget announcement saw a hike of 35%, and the year before that there was a 70% hike in the grant for roads.
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