Investment climate in India has improved, govt capex picking up: CARE

Overall capex of the government in the first 7 months of the year was Rs 1.77 trillion as against Rs 1.62 trillion last year, says a CARE report

The investment climate has seen signs of a pick-up, based on factors including improved gross fixed capital formation and higher government expenditure, CARE ratings said in a report. Gross fixed capital formation has been at 29 per cent in the first half of FY19. It was at 28.3 per cent in the first half of FY18. The government too has been picking up on its spending with sectors like infrastructure, housing and defence getting the bulk of capital.

Capex picking up

Overall capex of the government in the first 7 months of the year was Rs 1.77 trillion as against Rs 1.62