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The Union Budget 2024-25 emphasizes which of the following as a key pillar for economic growth?
Infrastructure and Connectivity
Agricultural Subsidies only
Urbanization limits
Defense isolation
Infrastructure and Connectivity
The Union Budget 2024-25 designated infrastructure development and connectivity as a primary pillar to catalyze sustainable economic growth for Viksit Bharat.
The Union Budget 2024-25 prioritized long-term capital expenditure to strengthen the nation's logistics and transportation networks. This focus is part of a broader fiscal strategy aimed at enhancing supply-chain efficiency and lowering the cost of doing business in India. By integrating multi-modal transport and digital infrastructure, the government intends to attract private investment and create large-scale employment. This policy aligns with the roadmap toward achieving the goals of a developed economy by 2047.
The presentation of the Union Budget is mandated by Article 112 of the Indian Constitution, which refers to it as the Annual Financial Statement. The budget is prepared by the Department of Economic Affairs under the Ministry of Finance.
Capital expenditure allocation was significantly bolstered to sustain momentum in infrastructure creation.
The strategy focuses on expanding road and rail corridors to improve freight efficiency.
Budgetary support includes the modernization of inland water transport and port-led development.
The policy emphasizes de-risking public-private partnerships to integrate infrastructure into capital markets.
A is correct тАФ The Union Budget 2024-25 identifies infrastructure and connectivity as the fundamental drivers for long-term economic expansion and supply-chain resilience.
Remember that 'Infrastructure' is the backbone of 'Viksit Bharat' targets; link this to Article 112, which mandates the Annual Financial Statement to visualize how these funds are constitutionally allocated.
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