A look at the record on capital expenditure and the government's investments
Capital expenditure by the government is about the current generation creating assets for future generations: building infrastructure, from schools and hospitals to water canals and bus stations. The higher the capital expenditure, the greater the trickle-down effect on growth in the long run. The problem is Indian governments have very little fiscal room, directing only ₹ 1 for every they ₹ 4 spend on today’s expenses.
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