New Delhi, Feb 1: The country's capital spending for 2024-25 has been raised 11 per cent to Rs 11.11 lakh crore, or 3.4 per cent of GDP, Finance Minister Nirmala Sitharaman said on Thursday.

She said the tripling of capex in the last four years has resulted in a multiplier effect on economic growth and employment generation. Union Budget 2024-25: Indian Economy Witnessed Profound Positive Transformation in Last 10 Years, Says FM Nirmala Sitharaman (Watch Video).

The minister said the Indian air carriers have placed orders for 1,000 new aircrafts.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)