By how much did urban infrastructure investments increase from Fiscal Year 2019 to Fiscal Year 2023?

Correct option is B

The correct answer is (b) 10%

Explanation:

• According to available data, urban infrastructure investments increased by 10% from Fiscal Year 2019 to Fiscal Year 2023.
• This increase reflects a growing focus on improving urban living standards and fostering sustainable urban development.
• Urban infrastructure encompasses investments in transportation, housing, sanitation, water supply, and energy systems that support urban areas.
• The fiscal years are calculated based on the Indian government’s financial year, which runs from April 1 to March 31.
• The percentage increase indicates a moderate growth trend in infrastructure spending during this period.

Information Booster:

• The increase in urban infrastructure investments aligns with initiatives like the National Infrastructure Pipeline (NIP), which aims to provide world-class infrastructure to citizens and improve their quality of life.
• The government's emphasis on urban development is also evident in the substantial investments directed towards urbanization efforts over the past decade.
• Investments in urban infrastructure are critical for sustainable growth and improving the quality of life in cities, especially in the context of rapid urbanization and increasing demand for services.
• The growth in urban infrastructure spending is part of a broader trend of rising capital expenditure by the government, which has more than tripled from ₹3 trillion in fiscal 2019 to ₹10 trillion in fiscal 2024.