india capex

Rail, road ministries driving Centre’s capex push

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Rail, road ministries driving Centre’s capex push

The Rail and roads ministries have spent the most from the fund allocated by the Centre for capital investment, according to a report in the Times of India. The two ministries have been allocated almost 50% of the Centre’s overall capital investment planned during the financial year. The TOI report, citing official data, said that … Read more

India’s capex spending is likely to slow on lower tax haul

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India’s capex spending is likely to slow on lower tax haul

India’s pace of spending on infrastructure, buildings and other fixed assets will probably slow in the coming fiscal year, a development that could dent the nation’s ability to maintain world-beating growth. To sell itself as an attractive destination for foreign capital, Asia’s third-largest economy has leaned on robust capital spending, increasing its infrastructure budget 39% … Read more