Government sets higher spending target for next fiscal year
pre-market1 source ↓written by the desknot a recommendation
- from the current
- 7.7% increase
- at a record
- ₹12.2 lakh crore
- effective capex reaching
- ₹17.1 lakh crore
- is projected
- 4.3% of GDP
The government has announced a total expenditure of ₹53.47 lakh crore for the next fiscal, a 7.7% increase from the current year. Capital expenditure is set at a record ₹12.2 lakh crore, with effective capex reaching ₹17.1 lakh crore. The fiscal deficit is projected at 4.3% of GDP, emphasizing fiscal discipline and support for key sectors such as healthcare and agriculture.
This increased spending could boost market sentiment, particularly in sectors reliant on government contracts and infrastructure development. 📈
Not investment advice. For informational purposes only.