Pace of govt capital expenditure not robust enough, feel policymakers

For a number of reasons, including the pandemic and global macroeconomic factors, the pace of government capital expenditure is not as robust lately as policymakers would have liked. 

This is borne out by the available data and confirmed by officials.

Since the Covid-19 pandemic flatlined the Indian economy in April-June 2020, the Centre has made public investment in infrastructure the main plank for economic recovery. 

The years FY21, FY22 and targets for FY23 have seen substantial jump in the Centre’s capex outlay. The foundation of this capex push is the Rs 111 trillion National Infrastructure Pipeline (NIP).

“The focus on infrastructure is here to