India's Budget 2024-25 focuses on ambitious capital expenditure, decarbonisation initiatives

The Indian government's 2024-25 Budget significantly boosts infrastructure allocation, focusing on energy transition. With $133 billion in capital expenditure, it targets roads, railways, and power projects. Key initiatives include rooftop solar installations, a Pumped Storage Policy, the National Green Hydrogen Mission, and EV support. This will drive deal activity and require substantial private equity and project finance.