Skip to content

India Government to Maintain Capex on Buoyant Revenue: Ministry

  • Government capex for April-August up 35% year-on-year
  • Inflationary pressures appear to be declining: monthly review

Capital expenditure by India’s government’s is likely to be maintained, supported by “buoyancy in revenue growth” over the rest of the fiscal year, the finance ministry said in a monthly report.

“Sharply rebounding private consumption” backed by improving consumer sentiment and rising employment will sustain growth in the coming months, the ministry said in its economic review for August released on Saturday.