The capex utilization between Apr-Nov increased by 63%

The indian government’s capital expenditure utilization has increased by 63% for Apr-Nov for the year 22-23 as compared with the same period in the previous fiscal year 

The central govt ministries have utilized their capital expenditure rather well that it has increased by 63% during the Apr-Nov period compared to last year. The total capital expenditure that has been utilized from Apr-Nov for the year 22-23 is ₹4,47,113 crore as compared to ₹2,73,630 crore last fiscal year The government has planned ₹7.5 lakh crore of capital spending in the current fiscal.

The highways and railways ministries, which had already used more than 80% of their fiscal allotment by November, were instrumental in enabling the central government to complete the massive spending.

In comparison to the budget estimate of 7.5 lakh crore, the total Capex utilization from April to November was 59.6 percent, up from 49.4 percent during the same time period the prior financial year.

The ministry of highway and the ministry of railways led the charge in on capital spending,while telecom did a major comeback compared with the slowdown last year 

The highway ministry has spent 1,49,364 crore which is 80% of the budget allocated to them  ₹1,87,744 crore. Likewise the railway ministry has spent 84% – ₹1,15,000 crore – of the budget outlay worth ₹1,37,100 crore.

The telecom ministry has also spent 25,334 crore, or 47% of the allocated budget of 54,150 crore. Notably, the telecom ministry fell behind by about 61% in FY22, spending only 3,327 crores as opposed to the budgeted 5,470 crores.

In contrast this year has seen a slowdown in the defense and housing sectors. The actual amount spent by the ministry in housing and defense stands at ₹73,340 crore, or 48% of the budget allocation(₹1,52,369 crore). The housing and urban development ministry too has spent only  ₹27,341 crore which is 42% of the budget allocated (₹11,405 crore)

In comparison to the budget estimate of 7.5 lakh crore, the total Capex utilisation from April to November was 59.6 percent, up from 49.4 percent during the same time period the prior financial year.