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Focusing on roadmap to make India a $5 trillion economy: Govt
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₹10 lakh crore (3.3% of GDP). "The Government has also focused on a capex-led growth strategy to support economic growth and attract investment from the private sector, increasing its capital investment outlay substantially during the last three years," Chaudhary said.
"The Central Government’s capital expenditure has increased from 2.15% of GDP in 2020-21 to 2.7% of GDP in 2022-23," he added. The Central Government has budgeted ₹13.7 lakh crore, (4.5% of GDP) for 'effective capital expenditure' for 2023-24, Chaudhury said, adding that the strong push by the government is expected to attract private investment and propel economic growth.
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