STATES' CAPITAL EXPENDITURES likely fell by nearly 7% year-on-year in the April-November period of the current financial year while their borrowings dipped by 4%, reflecting the slack during general elections and capacity constraints thereafter.
A review of the finances of a dozen states by FE showed that their capex declined to about â¹2.22 lakh crore, compared with â¹2.38 lakh crore with an annual growth of 44% in the year-ago period.
The states reviewed were Uttar Pradesh, Odisha, Madhya Pradesh, Andhra Pradesh, Karnataka, Tamil Nadu, Haryana, Kerala, Punjab, Rajasthan, Uttarakhand and Assam.
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