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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.
