India budget pledges record $133 billion to infrastructure
Summary
India plans to invest a record $133 billion in infrastructure, including high-speed trains and technology sectors like AI and data centers, aiming to boost domestic manufacturing and become the world's third-largest economy.
Key Points
- India will allocate a record $133 billion for infrastructure, a 9% increase from last year.
- Finance Minister Nirmala Sitharaman emphasized support for high-speed trains, AI, data centers, and rare earth processing.
- Prime Minister Narendra Modi highlighted the goal to become the world's third-largest economy through domestic manufacturing.
- The budget includes tax incentives for foreign companies providing cloud services and financial support for the semiconductor industry.
