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    <title>Enhanced capital spending in the Budget will have 3-4 times multiplier effect on the economy: Union Minister Piyush Goyal</title>
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    <description>Enhanced public capital spending in the Union Budget is advanced as the principal demand stimulus, with elevated central allocations and long term interest free loans to states to finance infrastructure projects and a projected multi fold multiplier effect on economic activity. The Budget maintains no new tax measures and conservative revenue estimates while prioritising PM Gati Shakti led infrastructure planning to reduce logistics costs. Industry is exhorted to expand exports and services, supported by administrative reforms such as lifetime jeweller registration and record services export performance.</description>
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