NEW DELHI : India will bump up spending on the modernisation of its railways in the upcoming federal budget while marginally increasing allocations to road building, two government sources said.
Prime Minister Shri Narendra Modi’s Government has ramped up infrastructure spending, particularly on the road network, since the pandemic to drive economic growth, but execution challenges could see the focus shift to the railways, the sources said.
Finance Minister Smt.Nirmala Sitharaman will present the 2025/26 budget on Feb. 1. The sources requested anonymity as . . .
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