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Government Capex Leads The Way. Will Private Capex Follow?
Government capital spending in the April-June quarter held strong. How soon will private capex follow?
09 Aug 2021, 06:09 PM IST
As the economy attempts to recover from the Covid crisis, capital expenditure — which leads to a virtuous cycle of jobs, incomes and demand — is critical. To kick-start the cycle, the government, in the budget announced in February 2021, had nudged up the share of capital expenditure to the highest on record.Then came the second Covid wave and disrupted plans.Still, the government capital spending in the April-June quarter was the hi...
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