FY25 capex may undershoot Budget estimates: Ajay Seth
The Free Press Journal|November 21, 2024
India's economic growth may have slowed in the September quarter, but overall there is not much downside risk to 6.5-7 per cent growth projections for the current fiscal year, Economic Affairs Secretary Ajay Seth said on Wednesday.
FY25 capex may undershoot Budget estimates: Ajay Seth

Seth said there may be some "undershooting" in the Rs 11.11 lakh crore capex target set for FY25, but the actual spending would be "significantly" higher than Rs 9.5 lakh crore made in FY24. On inflation, he said food prices have been a concern area. But, other than that, inflation is not a challenge for India. Retail inflation had touched a 14-month high of 6.21 per cent in October with a spike in prices of food items.

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The Free Press Journal

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The Free Press Journal

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