Key Points
Eighteen of the 23 states have spent more on capex in the first quarter of this fiscal compared to last year, which has also contributed to a rise in market borrowing, according to an analysis of capex data by Bank of Baroda economists...
The note also highlighted that the centres assistance to states for interest-free loans had also witnessed a substantial uptick...
While five states, namely, Chhattisgarh, Gujarat, Himachal Pradesh, Karnataka and Maharashtra, had capex spending lower than last year, the overall capex expenditure of states was up 73.9% compared to the previous yearrising more than the Centre...
While Andhra Pradesh spent 40.8% of its budgeted capital expenditure in Q1FY24 compared with 7% last year, the capex spending of Karnataka at 3.4% in the April-June quarter of FY24 was lower than the 10.3% spent last year...
Based on data available for a total of 23 states, out of a budgeted capital expenditure of Rs 7.98 lakh crores, actual capex is only Rs 1.06 lakh crores, which is just 13.3% of the Budgeted amount, Gupta stated...
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