NEW DELHI: State governments appear to be priming themselves for a significant capital expenditure (capex) push in the current quarter, offering hope of a drive towards reviving the pace of India's economic growth after a succession of slow-growing quarters.
States, led by West Bengal, Maharashtra and Karnataka, are set to raise their market borrowings by about 18% year-on-year in the fourth quarter of 2024-25 (Q4 FY25).
According to latest data released by the Reserve Bank of India (RBI), total market borrowing by states in Q4 FY25 may reach ₹4.73 trillion, up from gross issuances of ₹4 trillion a year ago.
This story is from the January 04, 2025 edition of Hindustan Times Mumbai.
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This story is from the January 04, 2025 edition of Hindustan Times Mumbai.
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