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Union Budget 2024 LIVE Updates: Finance Minister Nirmala Sitharaman kept FY25 capex outlay unchanged at ₹11.11 lakh crore, maintaining a 16.9% increase from last year's revised estimate of ₹9.5 lakh crore.
Finance Minister Nirmala Sitharaman announced that India’s FY25 capital expenditure (capex) outlay will remain unchanged at ₹11.11 lakh crore. This is consistent with the allocation made in February and represents a 16.9% increase from last year’s revised estimate of ₹9.5 lakh crore.
The government will allocate 3.4% of the Union Budget 2024 to capex, up from 3.2% in the previous year. This is nearly double the amount spent five years ago, reflecting a sustained increase in capital investment.
The capex growth rate has consistently been in double digits for six of the past seven years. However, it is projected to slow down from 28.4% growth in FY24 and 24.8% the year before.
Roads and railways will continue to receive the largest share of capex, with their portion growing from just over 35% a decade ago to nearly 50% in FY24. This allocation highlights the government’s focus on infrastructure development.
A significant frontloading of loans by the central government last year facilitated a 30% increase in state capex in FY24. So far, in the first two months of the fiscal year, the government has spent ₹1.43 lakh crore.
Loan disbursement has accelerated, with ₹22,702 crore already distributed to states, surpassing the previous year’s pace.
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