States lag Centre in capex push so far in FY24: CAG-Bank of Baroda data

Centre had allotted Rs 1.3 trillion for FY24 under the interest-free loans scheme for capital investment by states

States have been lagging behind the Centre in capex push so far in the financial year 2023-24 (FY24).

During the April-November period, while the Centre has spent 58.5 per cent of its Rs 10 trillion capex target for FY24, 26 states cumulatively have spent 45 per cent of the Rs 7 trillion target, according to analysis of Comptroller and Auditor General of India (CAG) data by the Bank of Baroda economists. 

“The states this year have tended to lag the Centre. Clearly, there is a longer distance to be covered by these states,” Bank of Baroda said in its report.

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