The Indian government is considering a 15-20% hike in capital expenditure in the next financial year that starts April 1, CNBC-TV18 reported citing sources.
The announcement will be made in India’s interim budget to be tabled on Feb. 1, CNBC-TV18 reported.
The Indian government has targeted capital spending of 10 trillion Indian rupees ($120.33 billion) for the financial year ending March 31, 2024. ($1 = 83.1068 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Alex Richardson)
