Capex boost of Rs 98,000 cr by big PSUs to spur economy: FM Sitharaman

Economic growth rate fell to over six-year low of 4.5% in the second quarter of 2019-20

The finance ministry on Friday said 32 Maharatna and Navratna public sector units (PSUs) have undertaken a capital expenditure of Rs 98,000 crore till November in the current financial year. 

These PSUs are likely to pump in Rs 60,000 crore during the remaining part of the year in a bid to boost the economy.

The total capex of Rs 1.58 trillion by these PSUs, shown in a presentation given by chief economic advisor Krishnamurthy Subramanian at a press conference called by finance minister Nirmala Sitharaman, was higher by Rs 3,000 crore than the numbers promised by the finance ministry in September. 

Besides, the