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.
This story is from the August 31, 2024 edition of Business Standard.
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This story is from the August 31, 2024 edition of Business Standard.
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