The government has budgeted Rs 2,05,250 crore for food subsidies in the current fiscal, a 3 per cent decrease from the revised estimate for 2023-24
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Now with the rise in the private sector investment, the Build-Operate-Transfer (BOT) projects, will see significant growth from the financial year 2025 (FY25) onwards
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The drivers of growth have gone beyond government-led capex into the realm of private consumption, with the apparition of private capex on the horizon
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Due to uncertainty around the entire absorption of Rs 1.5 trillion interest-free capex loan to the state government and monsoon disruptions, Icra states that achieving the targets for this fiscal is going to be an ambitious task
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According to petroleum and natural gas ministry data, companies spent a total of Rs 26,500 crore during the April-June quarter, achieving about 22 per cent of their annual target
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This adjustment could raise the capex from the previously allocated Rs 11.11 lakh crore, aiming to bolster infrastructure and economic growth
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A significant portion of this investment, Rs 34,000 crore, will be allocated to Adani Green Energy, the group's renewable energy division
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Share of manufacturing in GDP to Rise from 14 per cent in FY24 to 21 per cent by FY34
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The Adani Group has outlined an expansive vision to invest USD 100 billion over the next decade
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A significant portion of this capex, approximately Rs 400 crore, will be directed towards establishing a new plant in Vietnam
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