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Ahead of the presentation of the 2024-25 interim Budget, Moneycontrol takes a quick look at the state of the Indian economy. Here, we examine the status of investments in the country and the trends in public and private capital expenditure.
As part of its record capital expenditure target of Rs 10 lakh crore for 2023-24, the Centre is extending long-term, interest-free loans to the tune of Rs 1.3 lakh crore to states for their own capex needs
The Centre is expecting savings of at least Rs 30,000 crore from its budgeted Rs 1.3 lakh crore assistance to states for capital expenditure in 2023-24, as the states have faltered in using the sanctioned amount, said people with knowledge of the matter. The Centre has released Rs 60,104 crore under the Special Assistance to States for Capital Expenditure scheme in this financial year, of the sanctioned amount of about Rs 1 lakh crore so far, showed official data.
To meet the capex target for FY2024, the capital outlay and net lending of the 21 states would have to expand by an estimated 28 percent YoY, which appears challenging in light of the Assembly elections in some states and the parliamentary elections in 2024
The budget is due in a week, so anticipation is high. Due to decreasing global growth, an unequal domestic...