Financial & Legal

The assurance company provides surety bond for infrastructure projects through agreements with the contractor, the project owner, and an outside party. The Indian government declared that infrastructure development would be given top priority in the Union Budget of 2023. Additionally, the surety bond industry has benefited directly from India's hosting of the G20. The Indian government is interested in making India the hub for the funds that will be used in the infrastructure projects and thus attract more money from outside the country. More new highways, bridges, and other major infrastructure projects will be needed in the near future. There are major ways in which the government can contribute to the boost in the economy of the nation. Some of the major ways through which the government could boost the economy include infrastructure development, generating employment, and raising the standards of living for the average citizenry.

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