18 states' capital outlay to hit Rs 7.2 lakh cr, up 7-9%: Crisil

Last year, 80 per cent of the allocated funds were transferred to state governments, and the rating agency expects a similar proportion this fiscal year

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The total capital outlay of India's top 18 states is projected to grow by 7-9 per cent year-on-year to Rs 7.2 lakh crore in the financial year 2024-25, building on a high base from the previous year, according to Crisil Ratings.

In 2023-24, this outlay increased by 27 per cent, reaching Rs 6.7 lakh crore.

The rating agency stated that key segments driving this growth include transport, water supply, and sanitation (including housing and urban development), while irrigation is expected to see modest growth.