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Capex of Centre, states may have slowed in Sept quarter

Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2

Ishan Bakshi  |  New Delhi 

Capital expenditure by the Centre and states is likely to have slowed down considerably in the second quarter of the current financial year, reflecting the dim investment climate. This is partly due to pressure on governments to maintain their budgeted fiscal deficit in view of the slow indirect tax collections growth after the goods and services tax (GST) roll-out.

An analysis by Icra of the expenditure patterns of 12 large states reveals the combined capital outlay of these states has contracted by 23.6 per cent in Q2FY18, after contracting 14.3 per cent in the earlier quarter. The ...

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First Published: Tue, November 28 2017. 01:24 IST
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