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The capital investment outlay is being increased steeply for the third year in a row to Rs 10 lakh crore, the FM said in her Budget 2023 speech.

Opposition MPs shouted after ₹10 lakh crore capital investment announcement by Finance Minister Nirmala Sitharaman.

The capital investment outlay is being increased steeply for the third year in a row to Rs 10 lakh crore, the FM said in her Budget 2023 speech.

Sitharaman said the outlay has been increased by 33% to Rs. 10 lakh crores, which would be 3.3% of GDP, this will almost be 3 times outlay made in 2019-20.

She added, "This substantial increase in recent years is central to government's efforts to increase growth potential, job creation, crowd in private investment and provide cushion against global headwinds."

(With agency inputs)

Also watch: Budget 2023: Indian economy is 5th largest in the world - FM Sitharaman

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