After 40% rise in Q1, capital expenditure dropped in July, shows data

Analysts say there is need to wait to gauge govt's plans

India’s economy might have shrunk by a quarter with Covid-19 gathering pace, but the Centre has walked the talk on capital expenditure (capex), shows the data from the Controller General of Accounts (CGA). 

Figures released by the CGA show that capex for April-June, of Rs 88,273 crore, was 40 per cent higher than the same period last year.  However, by July-end, that gap had narrowed to just 4 per cent. Capex in July was Rs 23,576 crore, compared to Rs 44,605 crore in July 2019 — a drop of 47 per cent. 

What explains the huge difference between the Centre’s capex in