Public sector investments likely to witness muted growth next fiscal

The capital spending by the Centre is budgeted to grow at a much slower pace next year

Public sector investments are expected to grow at a much slower pace in 2019-20, as capital outlay by public sector enterprises is expected to remain at almost the same level as 2018-19, while capital spending by the Centre is budgeted to grow at a much slower pace next year. 

Total capital outlay of public sector enterprises (PSEs) is pegged at Rs 5.69 trillion in FY20 (BE). By comparison, capital expenditure by PSEs is likely to touch Rs 5.7 trillion in 2018-19 (RE), up 20 per cent from Rs 4.76 trillion in FY18. 

On the other hand, the Centre’s