States' capex likely up 9% in FY25
Financial Express Pune
|May 21, 2025
STATES' CAPITAL EXPENDITURE likely rose by 9% on-year in 2024-25, compared with a 27% growth seen in 2023-24, as they sought to rein in fiscal deficit at 3% of their respective Gross State Domestic Product (GSDP) amid a moderation in tax revenue growth.
A review of the finances of 16 states by FE showed that their capex in FY25 rose to ₹6.65 lakh crore compared with ₹6.09 lakh crore in the previous year. These states are: Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Maharashtra, Tamil Nadu, Gujarat, Haryana, Karnataka, Kerala, Odisha, Punjab, Rajasthan, Telangana, Assam, Chhattisgarh and Uttarakhand.
This story is from the May 21, 2025 edition of Financial Express Pune.
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