The government has raised its capex target to Rs 11.21 lakh in FY26 from Rs 11.11 lakh crore, according to Union Budget 2025-26.
The government, however, has missed its capex target by more than 8% in FY25. As against a targeted Rs 11.11 lakh crore, it spent Rs 10.18 lakh crore. That was due to the Lok Sabha elections last year.
India's capex spending has aided overall investment growth in recent years, amid limited private investments. While the focus on capex continues, the government has been seen increasing the capex target at a slower pace, given the medium-term fiscal consolidation path of the central government.
(This is a developing story).
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