Government may opt for 15-20% hike in capex
Monday, 22 January 2024
Government plans to increase capital expenditure by 15-20% next year to sustain public spending and boost demand and investment. Road transport and highways may receive Rs 3.2 lakh crore, an 18.5% increase, while railways could see a 14% rise to Rs 2.8 lakh crore. This move is positive for sectors like cement and steel and will facilitate job creation.
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