Gross fixed capital formation (GFCF), which represents infrastructure investment, contributed 31.3 per cent to gross domestic product (GDP) in Q1FY25, as against 31.5 per cent in the preceding quarter. An investment share above 30 per cent is considered important for driving economic growth.
The rise in capital investment during Q1 comes even as capital expenditure by the central government declined owing to the general elections.
The data sourced from the Controller General of Accounts (CGA) showed that the Centre's capex in Q1 stood at ₹1.8 trillion, nearly 33 per cent lower than the ₹2.7 trillion during the corresponding period last year.
Denne historien er fra August 31, 2024-utgaven av Business Standard.
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Denne historien er fra August 31, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Supreme Industries stock slips on weak Q2 showing
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