Capital expenditure of states shows improvement as year comes to a close

The biggest improvement year-on-year (YoY) has been by Uttar Pradesh, Maharashtra, Gujarat, and Karnataka

The ten biggest Indian states, in terms of economic size, have improved their capital expenditure outlay for FY23 so far, an analysis of data from April 2022 to January 2023 shows. However, for some of them, this improvement also comes in the form of counting wages and salaries for infrastructure work under capex, which most states (and the centre) don’t do.

Business Standard had earlier analysed data from the Comptroller & Auditor General of India (CAG), which showed that for the first eight months of FY23 (April-November), seven of the ten biggest states spent did not spend more in capex,