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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

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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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