Modi government's Capex ambitions face budgetary constraints amid political pressures
5 months, 1 week ago

Modi government's Capex ambitions face budgetary constraints amid political pressures

New Indian Express  

NEW DELHI: The Narendra Modi-led government, since it took reins in 2014, has boasted of creating infrastructure at an unprecedented pace. In the first 10 years of his government’s tenure, the government has increased allocation to capital expenditure – spendings on creating infrastructure and other productive assets – by over five times. As Finance Minister Nirmala Sithraman readies herself to present the full Budget for 2024-25 on July 23, the question that bugs everyone is whether she would make enough provision to help the government maintain the pace of infrastructure spending. In the interim Budget in February, the government had increased the capex allocation by 11% to Rs 11.11 lakh crore, which is much lower than the 37% hike in allocation in the previous year. Budget allocation for capex during the past 10 years of the Modi government grew at a compounded annual growth rate of just over 18%.

Budget Capex  ambitions  pace  political  budgetary  infrastructure  budget  increased  constraints  governments  capex  amid  majority  pressures  narendra  lower  face  past  allocation  modi

History of this topic

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci
1 week, 2 days ago

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci

Live Mint  

New Delhi: Businesses need to step up their research and development spending, and the industry expects the government to sustain the growth in budget allocation for capital expenditure as these two would help the Indian industry to become more competitive in global markets, Harsha Vardhan Agarwal, president of Federation of Indian Chambers of Commerce and Industry, and vice-chairman and managing …

Capex support will continue for infrastructure development: Minister Chaudhary
1 week, 3 days ago

Capex support will continue for infrastructure development: Minister Chaudhary

Live Mint  

India's capital expenditure on infrastructure projects such as roads, railways, ports, airports, and telecommunications has been rising steadily over the years, and the government stands ready to make adequate funds available in next year's budget as well to maintain the sector's growth momentum, minister of state for finance Pankaj Chaudhary said on Friday. India aims to become a developed nation …

India’s president inaugurates newly elected parliament and sets out economic reforms as a key agenda
5 months, 3 weeks ago

India’s president inaugurates newly elected parliament and sets out economic reforms as a key agenda

Associated Press  

NEW DELHI — India’s president inaugurated a new parliament on Thursday after national elections, listing the priorities of Prime Minister Narendra Modi’s government in coming years, including fast-tracking economic reforms and boosting small and medium-size enterprises to create jobs. President Draupadi Murmu said India’s economy grew the fastest among the world’s major nations at an average of 8% over the …

India’s Modi vows to boost social spending, make country into a manufacturing hub ahead of election
8 months, 1 week ago

India’s Modi vows to boost social spending, make country into a manufacturing hub ahead of election

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi on Sunday vowed to boost social spending, develop infrastructure and make India into a global manufacturing hub as companies shift away from China, as he unveiled his Hindu nationalist party’s election strategy. Modi promised to expand social programs introduced during his party’s 10-year rule, including millions of free homes for the poor, …

Interim Budget surprises fixed income market
10 months, 3 weeks ago

Interim Budget surprises fixed income market

New Indian Express  

It was expected to be a restricted vote on national accounts, but this interim budget, instead, surprised fixed income markets so much so that the yield of India’s benchmark 10-year government security fell by 9 bps. Firstly, in FY24, not only did India manage to achieve the highest economic growth on the back of heavy public capex, but it did …

Interim budget 2024-25: Capex raised to 3.4% of GDP despite fiscal consolidation
10 months, 3 weeks ago

Interim budget 2024-25: Capex raised to 3.4% of GDP despite fiscal consolidation

Hindustan Times  

The central government’s capital spending in 2024-25, according to the interim budget will be ₹11,11,111 crore, a number which is more like an auspicious figure than a hard-headed budgetary allocation. Read here: Interim budget 2024-25: Govt stays the course on fiscal consolidation path Fiscal numbers of the second Narendra Modi government speak for themselves. The share of capital spending in …

Modi government shuns populist Budget as focus stays on infrastructure
10 months, 3 weeks ago

Modi government shuns populist Budget as focus stays on infrastructure

The Hindu  

Published : Feb 01, 2024 21:51 IST - 4 MINS READ Union Finance Minister Nirmala Sitharaman delivered a Budget speech lacking in any major spending and tax measures to lure voters in the upcoming elections, a sign that Prime Minister Narendra Modi is confident his government can return to power without resorting to populist programmes. “The political capital is strong …

Interim Budget 2024: Overall spending likely to see 10% hike, says report
11 months, 1 week ago

Interim Budget 2024: Overall spending likely to see 10% hike, says report

India Today  

The upcoming interim budget for the fiscal year 2024-25 may witness a cautious approach from the government, with an anticipated 10 per cent increase in overall spending compared to the current fiscal year, reported The Economic Times. Despite the economy's robust growth, with a forecasted 7.3 per cent increase in Gross Domestic Product for the fiscal year 2023-24, the government …

Tax-Capex double engine in Union Budget 2023-24
1 year, 10 months ago

Tax-Capex double engine in Union Budget 2023-24

Hindustan Times  

Finance minister Nirmala Sitharaman on Wednesday presented a Budget that continued her government’s emphasis on capital investment, with a record ₹10 lakh crore spend planned in 2023-24, sought to encourage taxpayers to spend more with tax cuts, and announced a ₹35,000 crore expenditure on energy transition even as she managed to reduce the fiscal deficit to 5.9% from 6.4% this …

Only a handful of large firms ready for big spending
2 years, 2 months ago

Only a handful of large firms ready for big spending

Live Mint  

MUMBAI : Finance minister Nirmala Sitharaman’s expectation that private sector capital spending will power India’s economic growth appears to be wishful thinking as most companies, barring a handful of large conglomerates and state-run corporations, remain wary of new investments amid rising interest rates. Bankers said that the private capex cycle is quite uneven as large spending is mainly restricted to …

Increased tax revenue mop-up keeps India on track to becoming $5 trillion economy: Finance Ministry
2 years, 8 months ago

Increased tax revenue mop-up keeps India on track to becoming $5 trillion economy: Finance Ministry

The Hindu  

The focus on capex in the recently announced Budget for the current fiscal year will boost manufacturing and tax revenue collections, thereby keeping India on track to becoming a $5 trillion economy, the finance ministry said on Thursday. Tax revenues in last fiscal year grew by a record 34% to ₹27.07 lakh crore, which the ministry said is "a remarkable …

Capex hike to social sector cuts: The story of Budget 2022, in nine charts
2 years, 10 months ago

Capex hike to social sector cuts: The story of Budget 2022, in nine charts

Live Mint  

An aggressive focus on government spending led on the capital side was the big theme of Finance Minister Nirmala Sitharaman's second pandemic budget. We explore Budget 2022 in nine charts: Dissecting the capex For an economy emerging out of a pandemic, Finance Minister Nirmala Sitharaman was expected to ramp up the capital expenditure markedly. Welfare cuts Unlike last year, Sitharaman …

More infrastructure, more investment, more growth, more jobs: PM Modi on Budget 2022
2 years, 10 months ago

More infrastructure, more investment, more growth, more jobs: PM Modi on Budget 2022

India TV News  

Highlights PM Modi said that Budget 2022 brings in new hopes and opportunities for the people Full of more infrastructure, more investment, more growth and more jobs, PM said on Budget Prime Minister informed that he will speak in detail on Budget at 11 am on Wednesday Prime Minister Narendra Modi on Tuesday said that Budget 2022 brings in new …

Discover Related