From Housing to Airlines: 7 Major Sectors to Receive Favors from Budget 2016

By siliconindia  |  Tuesday, 08 March 2016, 13:17 Hrs


Fertilizer

The health of land for cultivation cannot be neglected as the budget primarily focuses on farmers. So, the Finance Minister announced fast-tracking of 89 irrigation projects under the Accelerated Irrigation Programme Benefit (AIPB). Further, he proposed spending Rs 86,500 crore on irrigation projects over the next five years, towards increasing agricultural output. The Budget has provided 28.5 lakh hectares of land to be brought under irrigation under the Pradhan Mantri Krishi Sinchai Yojana.

Cement

The rise in outlay towards roads, railways, agriculture and MGNREGA will simultaneously benefit the cement industry. Higher quantum of road construction implies higher concrete requirement which would fuel cement production. Higher rural spending is likely to boost construction of homes which is also a positive sign for cement firms..

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