For states, balancing the fiscal math while continuing to spend on infrastructure capital expenditure (capex) will be challenging, said Sameer Bhatia, president of Infrastructure Advisory at CRISIL.
The rating agency — in its Infrastructure Yearbook 2019, released on Tuesday — said most of the sub-sectors in infrastructure have shown stress this year, compared to the previous year. The report also said states need to spend over Rs 100 trillion over a decade on capex.
On the biggest obstacle in achieving this, Bhatia told Business Standard, “Given the diversity of states in India, a one-size-fits-all solution is unlikely to work. Each