After remaining muted for the first seven months of 2022-23, capital spending by states has seen a sharp pickup in November, with 18 major states posting a 49.7 per cent year-on-year increase at Rs 44,647 crore. (Express file photo)
The Centre is likely to renew its thrust on capital expenditure in the upcoming Budget, buoyed by some visible traction in capex spending by states late in the current financial year. After remaining muted for the first seven months of 2022-23, capital spending by states has seen a sharp pickup in November, with 18 major states — including Gujarat, Karnataka, Jharkhand, Uttar Pradesh, Bihar and Odisha — posting a 49.7 per cent year-on-year increase at Rs 44,647 crore.
For the financial year so far till November, these 18 states have seen a rise of 5.7 per cent in their capital expenditure to Rs 2.44 lakh crore, primarily on account of the sharp pickup seen in November, according to official…
