'Govt expected to go for 10% capex growth in budget'

Larsen and Toubro's Chief Financial Officer R Shankar Raman is anticipating a ten per cent increase in capital expenditure outgo in the upcoming budget for FY27.

- PTI

Amid concerns about sagging private capital expenditure growth, Raman said that he does not fear a "crowding out" of resources because of the high spending by the state. The ample liquidity in the system will support such investments. "If India is to become a developed economy by 2047, infrastructure has a lot of role to play, and I think the govern