Will the budget 2024 fuel private capex?

Money Control | February 1, 2024

Pradeepa Kuppusubramanian was quoted in Moneycontrol for pre-budget expectations. In this story, Pradeepa highlights that the interim budget is expected to emphasize fiscal consolidation while also focusing on economic growth through capital expenditure (capex). She notes that government capex has played a crucial role in supporting investment growth in recent years, but anticipates that capex growth might be lower in the upcoming fiscal year. This reduction in capex is seen as a measure to manage the growing subsidy bill, meet fiscal consolidation targets, and possibly fulfil certain populist promises made during elections.

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