Govt considering 15-20% hike in capex in FY25 interim budget

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 Rs 10 lakh crore ($120.33 billion) for the financial year ending March 31, 2024.