Capital expenditure of states shows improvement as year comes to a close

The biggest improvement year-on-year (YoY) has been by Uttar Pradesh, Maharashtra, Gujarat, and Karnataka

Arup Roychoudhury New Delhi
capex, expenditure, defence, funding, cash, capital, budget, crunch, liquidity, money

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The ten biggest Indian states, in terms of economic size, have improved their capital expenditure outlay for FY23 so far, an analysis of data from April 2022 to January 2023 shows. However, for some of them, this improvement also comes in the form of counting wages and salaries for infrastructure work under capex, which most states (and the centre) don’t do.
Business Standard had earlier analysed data from the Comptroller & Auditor General of India (CAG), which showed that for the first eight months of FY23 (April-November), seven of the ten biggest states spent did not spend more in capex, either in absolute terms or as a percentage of full-year capex targets set in their respective budgets, compared to the same period last year. Only Gujarat had spent more in absolute terms and as a percentage of the full-year target.
Now, for April-January, a review of the same data shows that five states – Maharashtra, Gujarat, Uttar Pr

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First Published: Mar 28 2023 | 11:38 AM IST

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