<h1>Union Budget 2023-24 boosts capital investment by 33% to Rs. 10 lakh crore, focusing on infrastructure and job creation.</h1> Union Budget 2023-24 announced a 33% increase in capital investment outlay to Rs. 10 lakh crore, representing 3.3% of GDP, to drive growth and job creation. The effective capital expenditure, including Grants-in-Aid to States, is set at Rs. 13.7 lakh crore or 4.5% of GDP. The 50-year interest-free loan to states will continue for another year, with an increased outlay of Rs. 1.3 lakh crore to boost infrastructure investment. Additionally, the newly-established Infrastructure Finance Secretariat aims to facilitate private investment in infrastructure sectors such as railways, roads, urban infrastructure, and power.