States' capex plummet by 26% during Apr-Nov 2020

by Nidhi Bhati

A Financial Express (FE) review of data from 12 states shows that combined capital expenditure by states during April-November 2020 dropped by 26 per cent to Rs.1.1 trillion as compared to Rs.1.5 trillion during the same period a year ago. These 12 states include Uttar Pradesh, Tamil Nadu, Madhya Pradesh, Andhra Pradesh, Karnataka, Rajasthan, Odisha, Telangana, Kerala, Chhattisgarh, Haryana and Jharkhand. The analysis further revealed that the Centre spend Rs.2.4 trillion on capex during up till November this fiscal, up 12.8 per cent on year-on-year basis.