States' capital outlay to accelerate to 10-12% on Centre support in FY27, urban infra to lead: Crisil
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- ✓States' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, a Crisil Ratings report said on Friday.
- ✓Higher central assistance and fiscal flexibility will support this growth.
- ✓"Urban infrastructure will drive capital spending," said Aditya Jhaver, Director, Crisil Ratings, as urban development projects lead.
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- Category
- BUSINESS
- Reported By
- Economic Times
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- 3 Minute(s)
- Market Focus
- India Economy
States' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, driven by higher central assistance and greater fiscal flexibility, according to a Crisil Ratings report. Increased allocation under the SASCI scheme is expected to support infrastructure spending, particularly urban development, roads and bridges.
Mumbai: States' capital expenditure is expected to increase 10-12 per cent to about Rs 8.5 lakh crore in FY27, driven by higher central assistance and improved fiscal flexibility, a report said on Friday.
The report estimates that they will achieve around 84 per cent of their aggregate budgeted capital outlay, compared with 82 per cent in the previous fiscal year.
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