SPML Infra | EverythingAboutWater

Budget 2024: Funding the Future through Infrastructure Development

By Subhash Sethi, Chairman, SPML Infra Limited Infrastructure development is a fundamental driver of economic progress, forming the backbone of a nation’s growth. Robust infrastructure facilitates increased productivity, efficiency, and connectivity, thereby fostering favourable environment for economy to thrive. By investing in and enhancing essential physical structures, such as road, rail, air and water transportation, energy, communication, sanitation, water facilities etc. can create an environment conducive to economic advancement. Improved infrastructure not only facilitates smoother business operations but also attracts investments, fosters innovation, and boosts overall GDP. The Interim Budget…

Subhash Sethi, Chairman, SPML Infra Limited India was the 10th largest economy in the world with a GDP of $1.9 trillion about ten years ago. Today, it is the fifth largest with a GDP of $3.7 trillion (est. FY24) and in the next three years, it is expected to become the third-largest economy in the world, with a GDP of $5 trillion. Policy reforms with ease of doing business have played a pivotal role in propelling India’s economic growth. These measures have significantly contributed to the country’s economic progress and…