Public capex growth hits a plateau
Financial Express Mumbai|December 30, 2024
Overall growth in govt capital spending for FY26 seen at 8%
PRASANTA SAHU

THE CENTRE, STATES, and central public sector enterprises (CPSEs) will likely invest around ₹27.5 lakh crore in 2025-26, a sub-10% growth in public capex for the second consecutive year.

This comes after registering 15-16% growth in such asset-creating spending by the government sector between FY22 and FY24, according to an FE analysis based on information gathered from different sources.

The Centre is unlikely to go for a big increase in its budgetary capital expenditure target for the next fiscal year. It may peg the target at around ₹11 lakh crore for the next fiscal, which is the budget estimate (BE) for the current year.

For 2024-25, the Centre had set a capex target of ₹11.11 lakh crore, a 17% increase over ₹9.5 lakh crore achieved in FY24. Officials, however, reckon that actual spending will be around ₹10.2 lakh crore during the year.

Bu hikaye Financial Express Mumbai dergisinin December 30, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Mumbai dergisinin December 30, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS MUMBAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Mumbai

Special category visa for foreign students

INDIA HAS LAUNCHED two special category visas for international students intending to pursue higher education in academic institutions in the country.

time-read
1 min  |
January 06, 2025
Stars Who Couldn't Walk the Talk
Financial Express Mumbai

Stars Who Couldn't Walk the Talk

IN THE END, just one Indian could get on top of the dias at the presentation ceremony of Border-Gavaskar Trophy (BGT).

time-read
2 dak  |
January 06, 2025
Bajaj Auto's EV charge
Financial Express Mumbai

Bajaj Auto's EV charge

LAUNCH OF MASS MARKET SCOOTERS PAYS OFF

time-read
3 dak  |
January 06, 2025
Financial Express Mumbai

Indian-Origin IT Companies Corner a Fifth of H-1B Visas

INDIAN-ORIGIN TECH COMPANIES cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services (TCS) leading the pack, an analysis of data from the US immigration department showed.

time-read
1 min  |
January 06, 2025
Financial Express Mumbai

A handy tool to make your voice louder

● Simple plug and play design adds to its ease of use

time-read
1 min  |
January 06, 2025
Track kids' location in real-time
Financial Express Mumbai

Track kids' location in real-time

A 4G smartwatch with large display and GPS tracking

time-read
1 min  |
January 06, 2025
No need to run an air purifier and room heater at the same time
Financial Express Mumbai

No need to run an air purifier and room heater at the same time

● It heats in winter and purifies indoor air all year round

time-read
2 dak  |
January 06, 2025
Readying talent for the AI era
Financial Express Mumbai

Readying talent for the AI era

● GenAI industry to add 1 million new jobs by 2028

time-read
2 dak  |
January 06, 2025
A win-win solution
Financial Express Mumbai

A win-win solution

● Platform becomes match-maker for India Inc & startups

time-read
2 dak  |
January 06, 2025
Man magnet: Is this the most handsome bike in India?
Financial Express Mumbai

Man magnet: Is this the most handsome bike in India?

Those twin parking lights that look like jet engines of Messerschmitt Me 262, that calligraphy on the sides where it says 'Goan Classic', those whitewall tyres, and those raised handlebars... if all this isn't art on wheels, what is?

time-read
2 dak  |
January 06, 2025