In the first seven months of the fiscal year until October, states spent just over a third of their FY25 capex budget, compared with 39.2 percent during a similar period in the previous fiscal year
Industrial stocks, which have been the beneficiaries of the increased public capex spending, have rallied significantly over the past year
Budget 2023-24 is likely to be juggling act to meet the twin needs of capex and fiscal consolidation
Budget 2022| “The gradual pace of fiscal consolidation continues to place the onus on nominal GDP growth to facilitate a downward trajectory in the debt ratio, which is key to resolving the negative outlook on the sovereign rating"
The German company, which had cut its annual capex budget in India during last year's slump, has now hiked it back to Rs 800 crore per year for the next three years. This suggests that India will see an investment of Rs 2500 crore from Bosch by Dec 2013, reports CNBC-TV18’s Swati Khandelwal.