Understanding where this money will be spent provides an insight into the government's thinking and priorities.
An analysis by Business Standard shows that the infrastructure sector will get the second-biggest chunk of this investment.
In the second of a five-part series on the sector-wise break-up of the investment plan, Business Standard takes a look at the infra push.
Part 2: Modi's infrastructure push
Part 1: Powering India
Land Bill U-turn: Another defeat for the Modi govt
Move forward on infrastructure, not back
Mumbai Infrastructure: Stuck in red tape
Drama as Modi makes final monsoon push to pass GST
With Rs 20 lakh, he built a Rs 350-cr business