Data▼ Bearish for Indian equities
State capex utilisation slips below last year's pace in April-August
The brief
- Twenty-three states spent ₹2.4 trillion, or 21.21% of their combined capex budget, in April-August FY27
- Spending was below 21.73% in the same period a year earlier
- Slower state spending may weigh on Indian infrastructure and construction companies
- Pvt investment picking up, capital formation at 3-year high: DEA Secy
- Reflationist ex-BOJ policymaker calls end to low rates, big spending
- Fiscal deficit reaches ₹7.1 lakh crore, or 41.9% of FY27 target, by August
- Govt’s Rs 1 lakh crore deep-tech fund hits pause, TDB halts fresh applications
- SRIT India launches ₹218.40-crore IPO as GMP estimates vary