Where is India’s Capex Going? hashtagBudget2024
The Finance Minister has kept the capital expenditure (capex) target steady at ₹11.11 lakh crore, a significant 16.9% increase from the previous year. This year’s allocation is ₹1.6 lakh crore higher than last year’s ₹9.5 lakh crore spend. Let’s dive into the details of where this substantial investment is headed.
Top Departments Cornering Capex:
Defence: Up by 9.4%, translating to an increase of ₹14,000 crore.
Telecom: Witnessing a 20.5% rise, also with an additional ₹14,000 crore.
Railways: Seeing a boost of ₹12,000 crore.
Roads and Police: Police services capex has surged by 32.8%, adding ₹3,300 crore.
These five departments account for over 90% of the increased capex, highlighting the government’s focus on strengthening infrastructure and security.
Additional Allocations:
Economic Affairs: Receiving ₹60,000 crore for other general services, to be distributed among various ministries.
States: Allocated ₹47,000 crore.
Capex Reductions:
Law and Justice: Down by ₹2,400 crore.
Atomic Energy: Reduced by ₹1,142 crore.
Civil Aviation: Decreased by ₹672 crore.
The government’s strategic capex distribution underscores a robust investment in defence, communications, and infrastructure, aiming to bolster India’s economic and security framework.
However, some sectors like law, atomic energy, and civil aviation face cuts, indicating a shift in priorities.
