States’ capex down annually despite March spike; tax transfers by Centre, GST aid help avoid a sharper fall

States’ capex down annually despite March spike; tax transfers by Centre, GST aid help avoid a sharper fall

This amounted to bucking the trend of several immediate past years, when states had turned in a better show in fiscal consolidation and capital spending, maintaining a public capex ratio of 5:3.6:3.4 (states, CPSEs and Centre in FY20).
Check the source here –Source, Financial Express.

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