Experts suggest government to unleash policy measures to boost infrastructure especially urban infrastructure in the forthcoming union budget.
Urban infrastructure development is very critical for India to meet its growth aspirations, Rajnish Kumar, Executive Vice President, Fullerton Securities and Wealth Advisors remarked.
The budget must give impetus to the infrastructure sector by bringing back focus on infra development. Roads, power, ports, airports and railways all need reforms and policy support from the government to meet the needs of a rapidly growing economy, Kumar said.
However, while taking measures to boost infrastructure sector, the government should also take care that its expenditure does not go out of control and thereby put fiscal consolidation in jeopardy.
The government must reduce spending on subsidies and channelise funds for infrastructure development, experts opine.
Overall, the budget must deliver a growth-oriented policy where government takes decisions on at least some of the long pending reforms related to retail, insurance and airlines, Kumar said.