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States’ Capex Seen Soaring 36% In FY23, Fiscal Deficit At Rs 8.4 Lakh Crore: ICRA

According to the agency, these 26 states are on course to spend Rs 6.8 lakh crore or 35.8% more this fiscal in capital expenditure over FY22 when it stood at Rs 5 lakh crore. As much as 72% of the incremental Rs 1.8 lakh crore capital push is led by UP, Maharashtra, Bengal, Odisha, Andhra and Haryana.

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