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Private investors shy, Centre to push capital spending

FY18 Budget set to allot Rs 2.6 lakh cr for sector; balancing fiscal deficit a challenge

Arup Roychoudhury  |  New Delhi 

The Prime Minister Narendra Modi-led government at the Centre is planning a third straight year of massive capital spending in 2017-18, as private sector investment continues to be muted. Stressed assets and weak balance sheets have inhibited private investors in the sector.

For those drawing up the annual Budget for 2017-18, the biggest challenge will be balancing the burden of enhanced public spending and yet keeping the fiscal deficit at three per cent of the gross domestic product (GDP), according to the existing road map, said a senior officer to Business Standard. While pre-Budget ...

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First Published: Thu, November 03 2016. 00:20 IST
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