Capital allocation flaw in China model offers learning: KV Kamath
At Fortune India 40under40 awards on Friday, Kamath said, “Let us take roads, railways and power. We are short on all these. There is a ten-to-fifteen-year runway to build these."
At Fortune India 40under40 awards on Friday, Kamath said, “Let us take roads, railways and power. We are short on all these. There is a ten-to-fifteen-year runway to build these."
While the government announced ₹5,172 crore outlay for the FAME scheme last year, it has been revised to ₹4,807 crore for the current fiscal.
The steep budget allocation for FY24 capex is intended to keep the GDP growth ticking. But has capex succeeded in creating the multiplier effect in the economy?
The capital allocation to the highway ministry for 2023-24 stands at ₹2,58,605 crore.