Cash-strapped states threaten Modi's double-digit economic growth goal

Capital expenditure of 17 key states contracted 23.5% in the nine months to December, possibly leading to a shortfall of as much as Rs 1.8 trn in the current year's spending aim, says an economist

narendra modi

PM Narendra Modi

Prime Minister Narendra Modi’s plan to boost capital expenditure to help India regain the fastest-growing major economy title risks being derailed by the nation’s cash-strapped states, which are cutting back

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First Published: Feb 19 2021 | 2:56 PM IST

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