Chennai: As many as 216 central infrastructure projects were completed till Dec., amounting to Rs.2 lakh cr.
However, government’s capital expenditure has to rise 11 per cent in the March quarter to revise the budgetary estimate of FY24. The general elections may hold back completions of infrastructural projects and new investment proposals in Q4 FY24.
In order to meet the revised estimate of Rs.9.5 lakh crore for FY24, the government’s capex has to rise 11 per cent in the March quarter. In each of the three months in the quarter, the capex has to be at least Rs.92,200 crore against Rs.74,800 crore per month in nine-month period of FY24, as per ICRA.
