Centre eyes 95% of undershot capex target for FY25: Ajay Seth

The government's capital expenditure (capex) for FY25 is projected to align closely with last year's spending, at around 95% of the allocated target, though the target itself may be undershot, Ajay Seth, secretary of the department of economic affairs (DEA) said on Wednesday.

- Manas Pimpalkhare & Rhik Kundu

"On capex, there might be some undershooting, but spending will be more than last year. Last year, we spent 95% of the allotted capex, and this year it is likely to be the same—95% of the target," Seth said at a curtain raiser event for industry body FICCI's 97th AGM and Annual Convention. In FY24, the government spent 95% of the ₹10 trillion capex allocation, revised to about ₹9.50 trillion later. The spending came to ₹9.49 trillion.