Capital Expenditure

Can the Union Budget 2026-27 unveil a low debt-deficit path to growth?

The forthcoming Budget could think of maintaining public capital expenditure at 3% so that domestic resources are available for private investments

Datanomics: Indian Army's capital expenditure share stuck at 18.54%

Even as it faces active terror threats, the Indian Army's share of defence capital spending has fallen sharply, lagging behind the Air Force and Navy

Union Budget 2026 | Revenue vs capital expenditure: Where your tax money really goes | Income Tax

In this episode of Budget Basics, we break down one of the most important and often most confusing ideas in the Union Budget: revenue spending versus capital spending. What’s the difference?

India's state finances face headwinds in FY26, says CareEdge report

The report suggests that growth in aggregate revenue receipts slowed to 7.2 per cent year-on-year during April-November 2025

Fiscal deficit target in reach despite lower nominal GDP growth estimate

The Budget estimates for this year had assumed a nominal GDP growth of 10.1 per cent

Why India's state accounts don't add up, distorting deficits and debt

Misclassification is rife, affecting compliance under FRBM Act, and distorting revenue surplus, fiscal deficit and debt ratios. IMF doesn't like it. Now, CAG is set to clamp down on the bad practic

Fast-tracking infrastructure: Further reductions in delays are needed

PRAGATI has shown that some of these failures can be overcome through sustained oversight

Centre's fiscal deficit at 62.3% of FY26 BE in April-November; capex up 28%

CGA data showed the Centre's fiscal deficit rose to Rs 9.77 trillion, or 62.3 per cent of FY26 Budget estimates, in April-November as capex surged and net tax revenue slipped

Expect our state's share in tax devolution to rise to 20%: UP FM Khanna

UP's finance minister Suresh Khanna says disciplined spending, revenue surpluses and rising capex have helped India's most populous state maintain fiscal stability while expanding infrastructure

8 months into FY26, states have spent only 38% of the budgeted capex

Sixteen of 21 states spent under half of their budgeted capex in the first eight months of FY26, while the Centre's capex stood at 55.1 per cent of BE in April-October

Tata Power to weigh 20-50 Mw SMR plants, says MD & CEO Praveer Sinha

Tata Power on Monday said it is aiming for a capex of Rs 25,000 crore in the current fiscal year and will look to maintain the same annual spend till FY30. As per an investor presentation, 65 per cent of the capex is aimed at clean energy projects. Tata Power, which made a capital expenditure (capex) of Rs 17,273 crore in FY25, almost doubled the same to Rs 25,000 crore in FY26. The total capex estimated between FY26 and FY30 is Rs 1.25 lakh crore with Rs 25,000 crore spent annually, as per the presentation. In an interaction, Sinha said, "We are well poised to achieve our aspirations." In the power generation segment, the company had a thermal capacity of 15.7 GW in FY25, which it looks to scale up to 30 GW by FY30, he said. "From 7 GW of clean and green capacity, we aim to increase it to 20 GW almost three times by March 2031," Sinha said. The capacity of transmission lines both operational and under-construction stood at 7,047 circuit kilometres (ckm) as of FY25. The same wil

Bihar elections: NDA's vision of Viksit Bihar faces fiscal roadblocks

The NDA's big mandate and its 'Viksit Bihar' agenda face fiscal strain as the state struggles with low capital outlay and a heavy revenue burden

20 states spent 26% of budgeted capital expenditure in H1 FY26: CAG data

Among the states analysed, Telangana emerged as the frontrunner with the highest utilisation at 60.8 per cent, followed by Kerala at 43.6 per cent, and Madhya Pradesh at 39.9 per cent

The market is more likely to melt up than melt down: Stephen Dover

Monetary easing, strong earnings, and capital investment will drive markets higher, with India and other emerging markets set to benefit, says Dover

Road, rail and defence lead FY26 capex surge; overall spend at 52%

Road Transport & Highways and Railways ministries lead capital expenditure in H1 FY26, with overall government capex reaching 52% of Budget estimates despite slower revenue growth

Thin ice: States are drowning in debt and politics keeps adding weight

Cash transfers to women need a wider debate

Centre's fiscal deficit in H1 stood at 36.5% of full-year target

In H1 of FY26, capex grew at a robust 40 per cent, exhausting more than half (51.8 per cent) of the Rs 11.2 trillion full year target against 37.3 per cent spending during the same period a year ago

Adani Energy Solutions plans ₹18,000 crore capex for FY26, says CEO

Adani Energy Solutions (AESL) has planned up to Rs 18,000 crore capital expenditure, including Rs 6,000 crore already spent on various projects, in the current fiscal year, a senior official said during an earnings call. Replying to a question of capital expenditure on a consolidated basis, AESL CEO Kandarp Patel said, "For the full year, we will do about Rs 11,400 crore in transmission, Rs 1,600 crore in distribution and Rs 4,000 crore in smart metering. So, in smart metering, we'll add about Rs 2,000 crore. In distribution, we'll add about Rs 1,100 crore in the second quarter. And in transmission, we'll add about Rs 8,000 crore in the second quarter." He said the total capex will be of the order of Rs 17,000-18,000 crore and Rs 6,000 crore has been spent so far. Of the Rs 6,000 crore already spent, Rs 3,350 crore was on transmission, about Rs 700 crore in distribution and about Rs 2,000 crore in smart metering. Patel said the company will have a capex of about Rs 10,000 crore for

Jal Shakti, Skills ministries lag as railways lead pack in total spending

Consumer affairs and railways lead FY26 spending so far, as FinMin launches early pre-budget consultations to ensure fiscal prudence and even-paced expenditure

The small picture: Tracing the subtle trends behind India's capex growth

Remember that the government had for the first time in the last five years projected a single-digit growth in capex in 2025-26 to just 6.5 per cent