For the first quarter of fiscal year FY24 (April-June 2023), Maharashtra and Karnataka saw a steep year-on-year fall in their capital expenditure outlay – the spending by state governments on infrastructure projects – compared to the same period last year, among the ten biggest Indian states (by size of economy).
All the other big states, namely Tamil Nadu, Uttar Pradesh, Gujarat, West Bengal, Rajasthan, Andhra Pradesh, Telangana and Madhya Pradesh, improved their capex performance in Q1, an analysis by DH of the data with the Comptroller and Auditor General of India shows.
