The Centre has been focusing on a capex-led recovery for the economy through the exchequer as investments from the private sector lag behind
The capital expenditure (capex) by large central public sector enterprises (CPSEs) with a target of Rs 100 crore or more touched 76 per cent of the annual budgeted target of Rs 6.62 trillion during the first 10 months of the fiscal year (2022-23, or FY23), revealed sources.
The capex target covers 54 CPSEs and five departmental arms.
By comparison, CPSEs could exhaust only 72.56 per cent of the Rs 5.95-trillion target during the same period in the previous fiscal year (2021-22, or FY22). The capex of these CPSEs is over and above the Centre’s capex.
First Published: Feb 09 2023 | 8:21 PM IST