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Capex by states to expand a modest 4-6% in FY26: Crisil
Financial Express Pune
|November 29, 2025
STATE GOVERNMENTS ARE set to increase capital outlay by a modest 4 to 6% in FY26, pushing total spending to %7.4-7.5 lakh crore, according to a Crisil Ratings analysis of 18 major states that account for 94% of the country’s state-level capex.
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This is a sharp deceleration from around 7% growth last year and well below the decadal average of nearly 11%.
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