 "Union Budget 2025-26: Charting a new growth path amid capex decline")
Challenges
> Value of new projects announced declined in the December 2024 quarter, reversing the promising growth in the September quarter
> The private sector has pulled back spending on new factories and other long-term assets, while government infrastructure projects, such as new roads, have also slowed
Takeaways
> Amid fiscal consolidation measures, capex has been revised downwards to Rs 10.18 trn from Rs 11.11 trn in FY25. It is projected to increase to Rs 11.21 trn in FY26
> Restrained capex also highlights absorptive capacity of the system
Also Read
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%