Data monitor: States’ FY22 capex target difficult to meet

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September 20, 2021 4:40 AM

Like last year, which saw a 11% rise on-year over a low base of FY20, it expects 11-13% rise in capex this fiscal, assuming that states spend 80-85% of the budgeted estimate.

This target seems too high, CRISIL has said. This target seems too high, CRISIL has said.

India’s top 21 states – accounting for more than 90% of aggregate state capital expenditure – are aiming for an ambitious 36% rise in capital outlay this fiscal (to Rs 6 trn) over revised estimates of FY21 (Rs 4.4 trn).

This target seems too high, CRISIL has said.

Like last year, which saw a 11% rise on-year over a low base of FY20, it expects 11-13% rise in capex this fiscal, assuming that states spend 80-85% of the budgeted estimate.

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