The Indian government's Budget for 2024-25 emphasizes a significant boost in infrastructure spending, especially in the energy transition sector. This move is expected to have a positive multiplier effect on the economy. The budget outlines ambitious plans for capital expenditure, aiming to implement major projects in roads, railways, and power sectors. A substantial part of this infrastructure development will be carried out through the Public-Private Partnership (PPP) model, requiring equity from sponsors, investors, and project finance from lending institutions. The budget also focuses on decarbonisation and energy security through initiatives like rooftop solar installations, the Pumped Storage Policy, National Green Hydrogen Mission, and promoting Electric Vehicles (EVs) via the Critical Mineral Mission. To achieve the long-term target of installing 500 GW of renewable energy capacity by 2030, additional investments of around USD 160 billion over the next 5 years are needed, with a significant equity outlay. This would also require extensive investment in the supply chain and transmission network. The budget also highlights the importance of state participation in infrastructure development, allocating USD 18 billion for states' financing, especially for urban infrastructure and last-mile connectivity. Overall, the budget sets a positive tone for infrastructure development, renewable energy promotion, and economic growth in India.