Union Budgets 2014 to 2024 – Article 6: The Real Reason Behind Increase in Capital Expenditure
Within the limited budget outlay, Finance Minister Nirmala Sitharaman has announced a hike in capital expenditure (or capex) — of 17.1 percent. This is the fourth year in succession that she has hiked capex. An increase in capex, without increasing budget outlay, is not going to lead to economic growth and employment generation. We discuss this in this article.