Budget 2018, the last Budget of the current government ahead of the General Elections in 2019, was touted as pro-farmer and pro-poor Budget, Credit rating agency Moody’s has said that the Budget will benefit the corporate, infrastructure and insurance sector, and that slight fiscal slippage has no material impact on the country’s overall fiscal strength. Moody’s lauded the government’s huge allocation in the infrastructure sector, saying that it will benefit from the boost in spending, and the continued focus on public investment will also help “galvanise India’s upturn in capital spending”. The Narendra Modi government allocated highest ever funds to the Railways and increased the overall infrastructure funding by over 20% from the previous year. The Railways received a total funding of Rs 1.49 lakh crore, up from previous fiscal year’s Rs 1.31 lakh crore, while the total allocation for the roads sector was up by 6.7% to Rs 89,544 crore from Rs 83,900 crore in the previous year.

Budget 2018, the last Budget of the current government ahead of the General Elections in 2019, was touted as pro-farmer and pro-poor Budget, Credit rating agency Moody’s has said that the Budget will benefit the corporate, infrastructure and insurance sector, and that slight fiscal slippage has no material impact on the country’s overall fiscal strength. Moody’s lauded the government’s huge allocation in the infrastructure sector, saying that it will benefit from the boost in spending, and the continued focus on public investment will also help “galvanise India’s upturn in capital spending”. The Narendra Modi government allocated highest ever funds to the Railways and increased the overall infrastructure funding by over 20% from the previous year. The Railways received a total funding of Rs 1.49 lakh crore, up from previous fiscal year’s Rs 1.31 lakh crore, while the total allocation for the roads sector was up by 6.7% to Rs 89,544 crore from Rs 83,900 crore in the previous year.