Home / Business and Economy / Govt Agencies Boost Spending: 73.6% of CapEx Target Achieved
Govt Agencies Boost Spending: 73.6% of CapEx Target Achieved
9 Jan
Summary
- Public sector firms achieved 73.6% of Rs 7.85 lakh crore capital expenditure goal.
- Indian Railways and NHAI significantly contributed to the year-to-date spending.
- Power, coal, and steel sectors also played a role in capital expenditure.
- This spending shows a slight increase compared to the previous fiscal year.
As of the current fiscal year's first nine months, Indian public sector undertakings and government bodies have collectively achieved 73.6% of their ambitious annual capital expenditure target. This translates to a substantial Rs 7.85 lakh crore invested, marking a slight but positive acceleration compared to the prior year's progress.
The driving forces behind this expenditure have been major infrastructure players. Indian Railways and the National Highways Authority of India (NHAI) stand out as primary contributors, showcasing significant investment in national development projects. Their efforts are crucial in materializing the government's spending goals.
Beyond these leaders, other vital sectors have also bolstered the capital expenditure figures. The power, coal, and steel industries have played their part, collectively supporting the overall economic stimulus. This widespread participation underscores a focused effort towards national infrastructure enhancement and economic growth.
