Modi govt's capital expenditure for April-July crosses Rs 1 trillion

The Narendra Modi government is augmenting its public investment spree in the run-up to 2019 Lok Sabha elections. Capital expenditure for the April-July period has been pegged around Rs 1.11 trillion, or 37 per cent of the full-year budgeted estimate of Rs 3 trillion.

The major beneficiaries have been the ministries of roads and highways, railways and power, senior officials said. This is the first time that capital spending has crossed Rs 1 trillion for the first four months of any fiscal year. For the same period in 2017-18, capital expenditure was Rs 950 billion

Revenue expenditure for April-July was