States' capex keeps momentum in H1, revenue spending curbed
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Seven major states increased capital spending by 23.4% to Rs 1.51 lakh crore during April-September of FY27.
- ✓This growth in infrastructure investment got support from a 17% rise in tax collections.
- ✓While most states boosted spending, Jharkhand saw a fall.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Capex by seven major states reviewed by FE rose 23.4% year-on-year to Rs 1.51 lakh crore in April-September of FY27, building on 47.7% growth in the same period last year, indicating a continued emphasis on infrastructure creation.
The increase was supported by a 17% rise in tax revenue collections, which reached Rs 7.41 lakh crore during April-September, compared with 9.4% growth in H1FY26, according to the Comptroller and Auditor General of India data.
Assam and Andhra Pradesh led the capital spending push, with their investment rising 51.7% and 40.4%, respectively, to Rs 15,437 crore and Rs 16,447 crore.
Karnataka also recorded a strong 30% increase to Rs 21,297 crore, while Telangana's capex rose 24.9% to Rs 27,743 crore. Maharashtra, the largest spender among the seven states, increased capital expenditure by 19.1% to Rs 31,405 crore.
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