Government expands capex definition to boost asset upgrades
pre-market1 source ↓written by the desknot a recommendation
The Centre plans to widen the definition of capital expenditure from FY28 to include spending on rehabilitating and upgrading public assets. This move aims to enhance the quality of expenditure reporting and reflects the government's focus on public investment as a key economic growth driver. New categories will account for digital and ICT equipment investments separately.
Not investment advice. For informational purposes only.