Page 22 - Capital Expenditure

Capital expenditure by states set to cross Rs 5 trillion in 2018-19

Over the period, states have ramped up spending on the social sector, which has risen from 6.7 per cent of GDP in 2014-15 to 8 per cent in 2018-19

Retail credit now bigger market for banks and NBFCs than loans to industry

Total retail loans (outstanding) reached Rs 31 trillion at the end of March 2018, while bank credit to industry stood at Rs 27 trillion

After two early Budgets, capital expenditure rises 48% in April

Lower carryovers led to a reduced revenue expenditure outlay for the central government

Govt may have to cut capex by Rs 70,000 cr: SBI Research

However, it notes, there are alternatives on both targets and fiscal consolidation

Focus stimulus package on raising capex, says Rangarajan

He also made a case for recapitalisation of PSBs, so that they could provide more funding to the private sector

Govt capex to rise 25% to Rs 3.9 lakh crore by FY20

Defence accounts for about 30% of the govt's capital outlay