The govt will continue to drive investments with focus on capex spending
The effective capital expenditure for the financial year is Rs 15 trillion, which includes close to Rs 3.9 trillion in grants to states for infrastructure creation
The gross borrowing target is lower relative to gross domestic product as well as in absolute terms. This has meant that deficits remain under control
Around Rs 1.08 trillion lined up for critical safety works like Kavach, repairing and overhaul of old lines
Private gross fixed capital formation must accelerate in machinery, equipment, intellectual property products to create quality jobs
The ratings agency expects the government's focus on manufacturing and capex to continue in the Budget
The Union Budget is set to project higher capex, surpassing the Rs 11.1 trillion outlined in the Interim Budget, reflecting India's improved fiscal discipline and global investment prospects
The investment across portfolio companies that range from ports to energy, airports, commodities, cement and media will be 70 per cent met through internal cash generation
Experts understand it as reasonable, given the high base the highway budget is operating on due to back-to-back bumper hikes in the previous two financial years
Focus will be on the quality of work done and not just the length of highways built, say senior govt officials
Union Budget 2024: Capital expenditure for renewable power may witness a double-digit allocation, with capacity expected to reach 180-gigawatt by FY26, according to a CRISIL report
Rs 15,000 crore fund has the potential to open up major capex for green projects
Even as the industry wants a 25% increase in capex allocation in the Budget for FY 2024-25 over revised estimates for FY24, experts feel there may be limited capacity to spend on projects
India is growing at a time when most economies are under stress, Puri said
Demand combination of upfront capex backing and PLI
State Bank of India Chairman Dinesh Kumar Khara has said there is a growing demand for credit from the corporate sector and loans worth Rs 5 lakh crore are in the pipeline. Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for credit to fund working capital requirements and capacity expansion, he told PTI in an interview. "Now we have come to a stage where they (corporates) have started approaching banks for augmenting their capacity or for working capital purposes. Of course, this I can say with confidence because when we look at our unavailed term loan percentage, it has come down from 25 per cent to 18 per cent and when we see the working capital utilisation, even that has improved," he said. So, all these are confirming that private sector opportunities are going to be there and SBI will be in a position to create value for the sector, he said. At the same time, he said, "When we look at our pipeline for
Valuation is where analysts remain divided, given different assumptions on tariff hike quantum and on capex moderation
The company plans to expand research and manufacturing facilities, allocates Rs 500 cr capex for FY25
The 200 Day Moving Average -- a benchmark for a healthy bull market is also close enough to that level. A drop below 21,000 could have long-term bearish consequences.
States with the lowest capex absorption included Nagaland, Chhattisgarh, Punjab, and Mizoram, according to CAG data